Balyasny Asset Management L.P. Invests $5.96 Million in Mattel, Inc. (NASDAQ:MAT)

Balyasny Asset Management L.P. purchased a new stake in shares of Mattel, Inc. (NASDAQ:MAT) during the 4th quarter, Holdings Channel reports. The fund purchased 336,197 shares of the company’s stock, valued at approximately $5,961,000.

Several other hedge funds have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased 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 worth $27,000 after acquiring an additional 926 shares during the last quarter. West Oak Capital LLC increased its position in 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 purchasing an additional 1,955 shares during the last quarter. TD Private Client Wealth LLC purchased a new stake in shares of Mattel during the 4th quarter worth about $51,000. Quarry LP lifted its holdings in shares of Mattel by 130.3% during the 4th quarter. Quarry LP now owns 3,148 shares of the company’s stock valued at $56,000 after buying an additional 1,781 shares during the last quarter. Finally, GAMMA Investing LLC grew 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 valued at $63,000 after buying an additional 744 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Trading Down 0.2 %

Mattel stock opened at $17.24 on Friday. The business’s 50-day simple moving average is $17.51 and its 200-day simple moving average is $18.65. Mattel, Inc. has a 52 week low of $13.95 and a 52 week high of $22.07. The firm has a market capitalization of $5.57 billion, a PE ratio of 10.78, a PEG ratio of 2.35 and a beta of 0.61. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. Mattel had a return on equity of 25.94% and a net margin of 10.07%. The company had revenue of $826.60 million during the quarter, compared to analyst estimates of $791.49 million. During the same period in the previous year, the company earned ($0.05) earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and raised their price objective for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. The Goldman Sachs Group reduced their price objective on shares of Mattel from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. DA Davidson raised Mattel to a “strong-buy” rating in a research report on Monday, April 14th. Finally, Citigroup increased their price objective on Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.14.

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.