EntryPoint Capital LLC Purchases Shares of 11,934 Mattel, Inc. (NASDAQ:MAT)

EntryPoint Capital LLC acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,934 shares of the company’s stock, valued at approximately $212,000.

A number of other hedge funds have also modified their holdings of MAT. CIBC Asset Management Inc raised its holdings in Mattel by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 10,962 shares of the company’s stock worth $194,000 after acquiring an additional 601 shares in the last quarter. Clear Harbor Asset Management LLC raised its position in Mattel by 5.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company’s stock worth $229,000 after acquiring an additional 675 shares in the last quarter. Xponance Inc. lifted its stake in Mattel by 1.6% in the fourth quarter. Xponance Inc. now owns 46,262 shares of the company’s stock valued at $820,000 after acquiring an additional 739 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Mattel by 26.6% in the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after acquiring an additional 744 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Mattel by 150.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock worth $27,000 after purchasing an additional 926 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Mattel Stock Performance

MAT opened at $19.30 on Friday. 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 business has a fifty day simple moving average of $20.22 and a 200 day simple moving average of $19.30. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $22.07. The company 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the previous year, the firm earned $0.29 earnings per share. Research analysts expect that Mattel, Inc. will post 1.7 EPS for the current 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.