Foundry Partners LLC Takes Position in Mattel, Inc. (NASDAQ:MAT)

Foundry Partners LLC acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,716 shares of the company’s stock, valued at approximately $509,000.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position 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 valued at $27,000 after purchasing an additional 926 shares in the last quarter. West Oak Capital LLC grew its position in Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after buying an additional 1,955 shares in the last quarter. TD Private Client Wealth LLC bought a new position in Mattel in the 4th quarter worth about $51,000. GAMMA Investing LLC raised its holdings 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 in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Mattel by 175.1% during the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock valued at $83,000 after acquiring an additional 2,972 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

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

Mattel Stock Performance

NASDAQ MAT opened at $16.45 on Friday. The company has a 50-day simple moving average of $20.25 and a two-hundred day simple moving average of $19.28. Mattel, Inc. has a 12-month low of $15.44 and a 12-month high of $22.07. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 2.35 and a beta of 0.51. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 last year, the business posted $0.29 EPS. On average, equities analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

About Mattel

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.