Alliancebernstein L.P. Raises Stock Position in Mattel, Inc. (NASDAQ:MAT)

Alliancebernstein L.P. grew its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 7.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 484,263 shares of the company’s stock after purchasing an additional 32,178 shares during the period. Alliancebernstein L.P.’s holdings in Mattel were worth $8,586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its position in Mattel by 3.1% during the third quarter. State Street Corp now owns 10,517,270 shares of the company’s stock worth $200,354,000 after purchasing an additional 318,125 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Mattel in the 3rd quarter worth about $224,000. M&T Bank Corp grew its stake in Mattel by 17.7% in the 3rd quarter. M&T Bank Corp now owns 12,078 shares of the company’s stock valued at $230,000 after acquiring an additional 1,815 shares during the last quarter. Geode Capital Management LLC increased its holdings in Mattel by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock valued at $116,896,000 after acquiring an additional 17,309 shares in the last quarter. Finally, Franklin Resources Inc. raised its position 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 acquiring an additional 4,270,162 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Price Performance

MAT stock opened at $14.77 on Friday. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51. The stock’s fifty day simple moving average is $19.85 and its 200-day simple moving average is $19.12. Mattel, Inc. has a 52-week low of $14.06 and a 52-week high of $22.07. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating 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 previous year, the business posted $0.29 earnings per share. Equities research analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MAT. Morgan Stanley raised their price objective 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. DA Davidson boosted their price target on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and boosted their target price for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.