Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Mattel, Inc. (NASDAQ:MAT)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Mattel, Inc. (NASDAQ:MAT) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 81,906 shares of the company’s stock after acquiring an additional 1,334 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mattel were worth $1,452,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. KBC Group NV grew its holdings in shares of Mattel by 13.8% in the third quarter. KBC Group NV now owns 10,166 shares of the company’s stock valued at $194,000 after purchasing an additional 1,229 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Mattel by 42.9% in the third quarter. Natixis Advisors LLC now owns 28,887 shares of the company’s stock valued at $550,000 after purchasing an additional 8,679 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Mattel by 101.0% in the third quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock valued at $3,208,000 after purchasing an additional 84,626 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Mattel in the third quarter valued at approximately $34,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Mattel in the third quarter valued at approximately $591,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Down 1.0 %

Shares of Mattel stock opened at $19.96 on Wednesday. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $22.07. The company has a 50 day moving average of $19.97 and a 200 day moving average of $19.24. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $6.65 billion, a P/E ratio of 12.48, a P/E/G ratio of 2.35 and a beta of 0.65.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same quarter in the previous year, the company earned $0.29 EPS. As a group, research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MAT shares. Morgan Stanley lifted their price objective on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. DA Davidson lifted their price objective on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Finally, StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.57.

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.