K.J. Harrison & Partners Inc Acquires 17,000 Shares of Mattel, Inc. (NASDAQ:MAT)

K.J. Harrison & Partners Inc increased its holdings in Mattel, Inc. (NASDAQ:MAT) by 34.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,000 shares of the company’s stock after purchasing an additional 17,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Mattel were worth $1,188,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Prospera Private Wealth LLC acquired a new stake in shares of Mattel in the third quarter worth about $34,000. West Oak Capital LLC increased its holdings in shares of Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after acquiring an additional 1,955 shares during the last quarter. GAMMA Investing LLC raised 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 acquiring an additional 744 shares in the last quarter. Blue Trust Inc. lifted its holdings in Mattel by 74.2% in the 3rd quarter. Blue Trust Inc. now owns 3,610 shares of the company’s stock worth $69,000 after purchasing an additional 1,538 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in 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 purchasing an additional 2,972 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Mattel Price Performance

Shares of Mattel stock opened at $21.25 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. The company has a market cap of $7.16 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 2.35 and a beta of 0.76. The firm has a fifty day moving average price of $19.23 and a two-hundred day moving average price of $19.11. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $22.07.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share 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 period in the previous year, the firm earned $0.29 earnings per share. Analysts expect 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.