Franklin Resources Inc. boosted its holdings in Mattel (NASDAQ:MAT) by 729.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 25,812,527 shares of the company’s stock after buying an additional 22,699,590 shares during the period. Franklin Resources Inc. owned 7.50% of Mattel worth $339,438,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of MAT. Creative Planning increased its stake in Mattel by 42.1% in the 4th quarter. Creative Planning now owns 35,732 shares of the company’s stock worth $550,000 after buying an additional 10,595 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Mattel by 53.1% during the fourth quarter. State of Alaska Department of Revenue now owns 82,588 shares of the company’s stock valued at $1,268,000 after purchasing an additional 28,640 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Mattel by 289.5% during the fourth quarter. SG Americas Securities LLC now owns 367,093 shares of the company’s stock valued at $5,646,000 after purchasing an additional 272,856 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Mattel during the fourth quarter valued at about $253,000. Finally, High Pointe Capital Management LLC purchased a new position in shares of Mattel during the fourth quarter valued at about $311,000.
Get Mattel alerts:Shares of Mattel opened at $15.23 on Friday, Marketbeat reports. The company has a quick ratio of 1.56, a current ratio of 2.25 and a debt-to-equity ratio of 2.92. Mattel has a 12 month low of $12.21 and a 12 month high of $23.11. The stock has a market capitalization of $5.19 billion, a P/E ratio of -14.10 and a beta of 0.98.
Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, April 26th. The company reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.39) by ($0.21). Mattel had a negative net margin of 25.79% and a negative return on equity of 32.79%. The business had revenue of $708.40 million during the quarter, compared to the consensus estimate of $687.70 million. During the same period in the previous year, the business posted ($0.32) EPS. The firm’s revenue was down 3.7% on a year-over-year basis. sell-side analysts forecast that Mattel will post -0.45 earnings per share for the current year.
A number of research analysts have recently weighed in on the company. BidaskClub upgraded Mattel from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Jefferies Group lowered Mattel from a “hold” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research report on Monday, February 26th. Stifel Nicolaus restated a “hold” rating and set a $16.00 price objective on shares of Mattel in a research report on Monday, January 29th. Barclays raised their price objective on Mattel from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday, February 5th. Finally, UBS set a $18.00 price objective on Mattel and gave the company a “buy” rating in a research report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Mattel currently has a consensus rating of “Hold” and an average target price of $17.83.
About Mattel
Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.
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