Empirical Finance LLC Acquires Shares of 28,337 Mattel, Inc. (NASDAQ:MAT)

Empirical Finance LLC bought a new position in Mattel, Inc. (NASDAQ:MAT) in the 4th quarter, HoldingsChannel.com reports. The firm bought 28,337 shares of the company’s stock, valued at approximately $502,000.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in Mattel by 84.0% during the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock worth $176,757,000 after purchasing an additional 4,270,162 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of Mattel during the 4th quarter worth approximately $53,238,000. Point72 Asset Management L.P. lifted its position in shares of Mattel by 54.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company’s stock worth $30,144,000 after buying an additional 558,213 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in shares of Mattel in the 3rd quarter worth approximately $8,997,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Mattel in the fourth quarter valued at approximately $7,431,000. Institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MAT. JPMorgan Chase & Co. lifted their price target on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Bank of America boosted their price target on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Saturday. 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 research note on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and raised their price target for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel Price Performance

MAT opened at $21.30 on Tuesday. The firm has a 50-day moving average price of $18.61 and a 200-day moving average price of $18.88. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $21.88. The company has a quick ratio of 1.88, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 2.32 and a beta of 0.76.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share 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 last year, the business posted $0.29 earnings per share. Equities analysts expect that Mattel, Inc. will post 1.69 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.