AGF Management Ltd. Makes New $2.43 Million Investment in Mattel, Inc. (NASDAQ:MAT)

AGF Management Ltd. bought a new position in Mattel, Inc. (NASDAQ:MAT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 137,126 shares of the company’s stock, valued at approximately $2,431,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Prospera Private Wealth LLC purchased a new stake in shares of Mattel during the third quarter worth $34,000. West Oak Capital LLC raised its stake 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 purchasing an additional 1,955 shares during the period. GAMMA Investing LLC lifted its holdings in Mattel by 26.6% during the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock worth $63,000 after purchasing an additional 744 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Mattel by 175.1% in the 4th 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. Finally, Smartleaf Asset Management LLC boosted its stake in Mattel by 2,698.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company’s stock worth $125,000 after purchasing an additional 6,826 shares during the period. Institutional investors own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

MAT has been the topic of a number of recent analyst reports. DA Davidson increased their price target on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Jefferies Financial Group raised shares of 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 report on Wednesday, February 5th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Morgan Stanley raised their price target on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel Price Performance

MAT opened at $19.66 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $6.55 billion, a P/E ratio of 12.29, a PEG ratio of 2.35 and a beta of 0.65. The stock has a 50-day moving average price of $19.82 and a 200-day moving average price of $19.23. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $22.07.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $0.29 earnings per share. Equities analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Mattel 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.