Janus Henderson Group PLC Increases Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Janus Henderson Group PLC lifted its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 64.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 311,271 shares of the company’s stock after purchasing an additional 122,430 shares during the quarter. Janus Henderson Group PLC owned about 0.09% of Mattel worth $5,517,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in Mattel by 150.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after purchasing an additional 926 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Mattel in the 4th quarter valued at approximately $51,000. Quarry LP boosted its stake in shares of Mattel by 130.3% in the fourth quarter. Quarry LP now owns 3,148 shares of the company’s stock valued at $56,000 after buying an additional 1,781 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Mattel by 175.1% in the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock valued at $83,000 after buying an additional 2,972 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Mattel by 2,698.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company’s stock worth $125,000 after acquiring an additional 6,826 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 equities research analysts have commented on the company. Citigroup raised their target price on Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. 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, May 7th. DA Davidson reissued a “buy” rating and set a $30.00 price objective on shares of Mattel in a report on Thursday. Morgan Stanley upped their target price on shares of Mattel from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.14.

Mattel Price Performance

Mattel stock opened at $20.10 on Monday. The firm has a market capitalization of $6.49 billion, a PE ratio of 12.56, a P/E/G ratio of 2.35 and a beta of 0.61. Mattel, Inc. has a 52 week low of $13.95 and a 52 week high of $22.07. The firm’s 50-day simple moving average is $17.41 and its 200 day simple moving average is $18.65. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.08. The company had revenue of $826.60 million for the quarter, compared to the consensus estimate of $791.49 million. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. On average, equities research analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal 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.