Alhambra Investment Management LLC Grows Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Alhambra Investment Management LLC boosted its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 38.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,298 shares of the company’s stock after buying an additional 4,266 shares during the quarter. Alhambra Investment Management LLC’s holdings in Mattel were worth $297,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of Mattel by 150.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock worth $27,000 after purchasing an additional 926 shares during the period. TD Private Client Wealth LLC purchased a new stake in shares of Mattel in the fourth quarter valued at $51,000. Quarry LP raised 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 acquiring an additional 1,781 shares during the period. UMB Bank n.a. raised its stake in shares of Mattel by 93.5% in the first quarter. UMB Bank n.a. now owns 2,995 shares of the company’s stock valued at $58,000 after acquiring an additional 1,447 shares during the period. Finally, Venturi Wealth Management LLC increased 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 buying an additional 2,972 shares during the period. 97.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. The Goldman Sachs Group lowered their price target on shares of Mattel from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Morgan Stanley increased their price objective on shares of Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. DA Davidson reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. Finally, Citigroup raised their price target on shares of Mattel from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.14.

Mattel Price Performance

NASDAQ:MAT opened at $19.29 on Wednesday. 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 firm has a market cap of $6.23 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 2.35 and a beta of 0.66. The company has a 50 day moving average price of $17.23 and a 200-day moving average price of $18.66. Mattel, Inc. has a 1-year low of $13.95 and a 1-year high of $22.07.

Mattel (NASDAQ:MAT) last posted its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.08. The firm had revenue of $826.60 million during the quarter, compared to analyst estimates of $791.49 million. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS. Equities research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current 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.