Ieq Capital LLC Buys Shares of 73,375 Mattel, Inc. (NASDAQ:MAT)

Ieq Capital LLC purchased a new position in Mattel, Inc. (NASDAQ:MAT) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 73,375 shares of the company’s stock, valued at approximately $1,301,000.

Other hedge funds also recently modified their holdings of the company. Prospera Private Wealth LLC acquired a new position in shares of Mattel in the 3rd quarter valued at approximately $34,000. West Oak Capital LLC lifted its stake in Mattel by 9,775.0% in the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after buying an additional 1,955 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Mattel by 26.6% in the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after buying an additional 744 shares during the period. Blue Trust Inc. increased its position in shares of Mattel by 74.2% during the third quarter. Blue Trust Inc. now owns 3,610 shares of the company’s stock worth $69,000 after acquiring an additional 1,538 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Mattel by 175.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock worth $83,000 after acquiring an additional 2,972 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Price Performance

NASDAQ:MAT opened at $21.19 on Tuesday. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $22.07. The company has a market cap of $7.14 billion, a P/E ratio of 13.24, a P/E/G ratio of 2.35 and a beta of 0.76. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The stock’s 50-day simple moving average is $19.11 and its 200 day simple moving average is $19.07.

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

Wall Street Analyst Weigh In

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

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.