Mattel, Inc. (NASDAQ:MAT) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. raised its holdings in Mattel, Inc. (NASDAQ:MAT) by 44.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 523,469 shares of the company’s stock after acquiring an additional 160,640 shares during the period. Prudential Financial Inc. owned 0.16% of Mattel worth $9,815,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Mattel by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company’s stock valued at $587,469,000 after purchasing an additional 355,769 shares during the last quarter. LPL Financial LLC increased its stake in shares of Mattel by 3.9% during the 4th quarter. LPL Financial LLC now owns 24,986 shares of the company’s stock valued at $443,000 after acquiring an additional 935 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Mattel during the 4th quarter worth about $1,718,000. AXQ Capital LP purchased a new position in shares of Mattel during the 4th quarter worth about $217,000. Finally, TD Private Client Wealth LLC acquired a new stake in shares of Mattel in the fourth quarter worth approximately $51,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. DA Davidson increased their price target on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, Morgan Stanley upped their price target on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mattel has a consensus rating of “Moderate Buy” and an average price target of $25.57.

Mattel Trading Down 1.9 %

NASDAQ:MAT opened at $19.30 on Friday. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $22.07. The business’s 50-day moving average is $20.22 and its two-hundred day moving average is $19.29. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. The firm has a market capitalization of $6.23 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same quarter in the prior year, the company posted $0.29 EPS. Research analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Mattel Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.