Everence Capital Management Inc. Takes Position in Mattel, Inc. (NASDAQ:MAT)

Everence Capital Management Inc. purchased a new position in shares of Mattel, Inc. (NASDAQ:MAT) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 12,800 shares of the company’s stock, valued at approximately $227,000.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Mattel by 26.6% in the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock worth $63,000 after purchasing an additional 744 shares during the last quarter. Franklin Resources Inc. boosted its position in Mattel by 84.0% during the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after buying an additional 4,270,162 shares during the period. Geode Capital Management LLC grew its holdings in Mattel by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock worth $116,896,000 after acquiring an additional 17,309 shares during the last quarter. M&T Bank Corp increased its position in shares of Mattel by 17.7% in the third 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 period. Finally, EP Wealth Advisors LLC bought a new position in shares of Mattel during the third quarter valued at about $224,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Thursday, January 2nd. Jefferies Financial Group boosted their target price on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. Morgan Stanley raised their price target on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. DA Davidson reissued a “buy” rating and set a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Mattel presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.75.

Mattel Trading Up 0.9 %

Shares of NASDAQ MAT opened at $18.43 on Thursday. The stock has a market cap of $6.21 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 0.97 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $20.59. The firm has a 50-day moving average of $18.73 and a 200 day moving average of $18.55.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS. As a group, sell-side analysts expect that Mattel, Inc. will post 1.46 EPS for the current fiscal year.

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.