Dynamic Technology Lab Private Ltd Makes New $1.49 Million Investment in Mattel, Inc. (NASDAQ:MAT)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 78,132 shares of the company’s stock, valued at approximately $1,488,000.

A number of other hedge funds have also recently made changes to their positions in the stock. UMB Bank n.a. grew its stake in Mattel by 584.3% in the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Mattel in the 3rd quarter worth $29,000. GAMMA Investing LLC grew its position in shares of Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after buying an additional 1,052 shares in the last quarter. Blue Trust Inc. grew its position in shares of Mattel by 143.2% during the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after buying an additional 1,220 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in shares of Mattel during the third quarter valued at $34,000. 97.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MAT has been the topic of several recent research reports. DA Davidson reiterated a “buy” rating and set a $27.00 target price on shares of Mattel in a report on Thursday, October 24th. Morgan Stanley increased their price objective on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Jefferies Financial Group upped their target price on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. Finally, Bank of America lifted their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $23.75.

Mattel Stock Performance

Shares of MAT opened at $19.07 on Tuesday. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The firm has a market cap of $6.42 billion, a PE ratio of 11.92, a P/E/G ratio of 0.96 and a beta of 0.78. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $20.59. The stock has a fifty day moving average price of $19.09 and a 200-day moving average price of $18.39.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The company had revenue of $1.84 billion during 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 firm’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the business posted $1.08 earnings per share. Equities research analysts predict that Mattel, Inc. will post 1.46 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.