Burns Matteson Capital Management LLC Makes New Investment in Mattel, Inc. (NASDAQ:MAT)

Burns Matteson Capital Management LLC acquired a new stake in Mattel, Inc. (NASDAQ:MAT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 19,318 shares of the company’s stock, valued at approximately $343,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAT. Citigroup Inc. increased its position in shares of Mattel by 449.9% during the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock worth $5,562,000 after purchasing an additional 238,884 shares during the last quarter. FORA Capital LLC acquired a new position in Mattel during the third quarter worth $1,003,000. Charles Schwab Investment Management Inc. raised its position in Mattel by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock worth $81,222,000 after acquiring an additional 114,305 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Mattel by 53.2% in the third quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock valued at $3,283,000 after acquiring an additional 59,845 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Mattel by 101.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock valued at $3,208,000 after acquiring an additional 84,626 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped 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. Bank of America raised their price objective on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a report on Saturday. Finally, DA Davidson lifted their price objective 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Mattel presently has an average rating of “Moderate Buy” and an average price target of $25.57.

Mattel Stock Performance

NASDAQ:MAT opened at $21.48 on Monday. The stock has a 50 day simple moving average of $18.56 and a 200 day simple moving average of $18.87. The stock has a market cap of $7.24 billion, a P/E ratio of 13.43, a PEG ratio of 2.32 and a beta of 0.76. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $21.88. The company has a current ratio of 2.38, a quick ratio of 1.88 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 earned $0.29 earnings per share. Research analysts anticipate that Mattel, Inc. will post 1.69 earnings per share 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.