FourThought Financial Partners LLC Takes $256,000 Position in Mattel, Inc. (NASDAQ:MAT)

FourThought Financial Partners LLC acquired a new position in Mattel, Inc. (NASDAQ:MAT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,460 shares of the company’s stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Citigroup Inc. boosted its stake in Mattel by 449.9% during the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock valued at $5,562,000 after purchasing an additional 238,884 shares in the last quarter. FORA Capital LLC bought a new position in Mattel during the third quarter valued at about $1,003,000. Charles Schwab Investment Management Inc. boosted its stake 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 valued at $81,222,000 after buying an additional 114,305 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Mattel by 101.0% during the third quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock worth $3,208,000 after acquiring an additional 84,626 shares during the period. Finally, Hantz Financial Services Inc. raised its position in Mattel by 53.2% in the third quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock worth $3,283,000 after acquiring an additional 59,845 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MAT. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th. Morgan Stanley raised their target price on shares of 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 upped their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, DA Davidson increased their price objective on Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel Stock Down 1.4 %

MAT stock opened at $21.25 on Thursday. 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 $7.16 billion, a P/E ratio of 13.28, a P/E/G ratio of 2.35 and a beta of 0.76. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $22.07. The company’s 50 day simple moving average is $19.23 and its 200-day simple moving average is $19.11.

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 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 quarter in the prior year, the company posted $0.29 EPS. As a group, equities research analysts anticipate 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.