Mattel, Inc. (NASDAQ:MAT) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 23.2% during the fourth quarter, Holdings Channel reports. The fund owned 11,698 shares of the company’s stock after selling 3,543 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Mattel were worth $207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC boosted its position in Mattel by 13.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 537,687 shares of the company’s stock worth $9,533,000 after acquiring an additional 65,379 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Mattel by 760.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 266,836 shares of the company’s stock worth $4,731,000 after purchasing an additional 235,818 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Mattel by 150.1% in the fourth 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 during the period. HighTower Advisors LLC increased its stake in Mattel by 5.4% in the fourth quarter. HighTower Advisors LLC now owns 30,923 shares of the company’s stock valued at $548,000 after purchasing an additional 1,575 shares during the last quarter. Finally, AGF Management Ltd. purchased a new position in Mattel during the fourth quarter worth about $2,431,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Stock Down 6.9 %

MAT opened at $14.77 on Friday. Mattel, Inc. has a 1 year low of $14.06 and a 1 year high of $22.07. The firm has a 50 day moving average price of $19.85 and a 200 day moving average price of $19.12. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The company has a market cap of $4.77 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT) last released its quarterly earnings data 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 net margin of 10.07% and a return on equity of 25.94%. During the same period last year, the company earned $0.29 earnings per share. Sell-side analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.