96,900 Shares in Mattel, Inc. (NASDAQ:MAT) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in Mattel, Inc. (NASDAQ:MAT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 96,900 shares of the company’s stock, valued at approximately $1,718,000.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 926 shares during the period. West Oak Capital LLC lifted its position 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 acquiring an additional 1,955 shares during the period. TD Private Client Wealth LLC bought a new stake in shares of Mattel in the 4th quarter worth approximately $51,000. GAMMA Investing LLC increased its position in shares of Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after purchasing an additional 744 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Mattel by 175.1% in the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock valued at $83,000 after purchasing an additional 2,972 shares in the last quarter. 97.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on MAT. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. DA Davidson upped their target price on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Morgan Stanley raised their price target on shares of Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and upped their price objective for the company 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 stock. According to data from MarketBeat.com, Mattel presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Price Performance

NASDAQ:MAT opened at $19.30 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The firm has a market cap of $6.23 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $22.07. The company’s 50-day moving average price is $20.22 and its two-hundred day moving average price is $19.29.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the company posted $0.29 EPS. On average, equities analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current fiscal 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.