Kentucky Retirement Systems Insurance Trust Fund Purchases Shares of 11,985 Mattel, Inc. (NASDAQ:MAT)

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Mattel, Inc. (NASDAQ:MAT) in the fourth quarter, Holdings Channel.com reports. The firm purchased 11,985 shares of the company’s stock, valued at approximately $212,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Prospera Private Wealth LLC purchased a new position in shares of Mattel in the 3rd quarter worth approximately $34,000. West Oak Capital LLC boosted its stake in shares of Mattel by 9,775.0% in the 4th 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 during the last quarter. GAMMA Investing LLC boosted its stake in shares of Mattel by 26.6% in the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock worth $63,000 after buying an additional 744 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Mattel by 74.2% in the 3rd quarter. Blue Trust Inc. now owns 3,610 shares of the company’s stock worth $69,000 after buying an additional 1,538 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Mattel by 175.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock worth $83,000 after buying an additional 2,972 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MAT. Morgan Stanley boosted their target price on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. DA Davidson lifted their price target on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Saturday, February 8th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, Bank of America lifted 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.57.

Mattel Trading Down 0.0 %

Shares of MAT stock opened at $21.78 on Thursday. The company’s fifty day simple moving average is $18.97 and its two-hundred day simple moving average is $19.01. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $22.07. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 2.37 and a beta of 0.76.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) 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 quarter in the previous year, the business posted $0.29 EPS. As a group, analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

Mattel Company 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.