Mattel, Inc. (NASDAQ:MAT) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. trimmed its position in Mattel, Inc. (NASDAQ:MAT) by 45.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,390 shares of the company’s stock after selling 25,395 shares during the quarter. Fox Run Management L.L.C.’s holdings in Mattel were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MAT. Franklin Resources Inc. increased its stake in Mattel by 84.0% during the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after purchasing an additional 4,270,162 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Mattel in the 4th quarter valued at about $53,238,000. Point72 Asset Management L.P. grew its position in shares of Mattel by 54.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company’s stock valued at $30,144,000 after buying an additional 558,213 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Mattel during the fourth quarter worth about $7,431,000. Finally, State Street Corp lifted its holdings in Mattel by 3.1% in the third quarter. State Street Corp now owns 10,517,270 shares of the company’s stock worth $200,354,000 after acquiring an additional 318,125 shares during the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MAT shares. Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and increased their price target for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. DA Davidson increased their target price on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Morgan Stanley boosted their price target on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Finally, StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $25.57.

Mattel Price Performance

Shares of MAT opened at $19.68 on Wednesday. Mattel, Inc. has a one year low of $15.87 and a one year high of $22.07. The stock’s fifty day moving average is $20.12 and its 200-day moving average is $19.29. 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 firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65.

Mattel (NASDAQ:MAT) last released its 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 net margin of 10.07% and a return on equity of 25.94%. During the same quarter in the previous year, the business posted $0.29 EPS. Equities analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current year.

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.