Franklin Resources Inc. Boosts Holdings in Mattel, Inc. (NASDAQ:MAT)

Franklin Resources Inc. increased its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 84.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,352,223 shares of the company’s stock after acquiring an additional 4,270,162 shares during the quarter. Franklin Resources Inc. owned about 2.78% of Mattel worth $176,757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of Mattel by 20,152.4% during the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after purchasing an additional 10,940,943 shares in the last quarter. State Street Corp grew its stake in Mattel by 3.1% during the 3rd quarter. State Street Corp now owns 10,517,270 shares of the company’s stock worth $200,354,000 after buying an additional 318,125 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Mattel by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company’s stock worth $119,862,000 after buying an additional 27,204 shares during the period. Geode Capital Management LLC lifted its stake in Mattel by 0.3% in the third quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock valued at $116,896,000 after buying an additional 17,309 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Mattel by 34.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock valued at $94,215,000 after acquiring an additional 1,479,227 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Performance

NASDAQ MAT opened at $18.87 on Friday. 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 business’s 50 day moving average is $19.07 and its two-hundred day moving average is $18.47. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.99 and a beta of 0.76. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $20.59.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. Mattel’s quarterly revenue was down 3.9% on a year-over-year basis. Research analysts expect that Mattel, Inc. will post 1.46 EPS for the current year.

Analyst Upgrades and Downgrades

MAT has been the topic of a number of recent research reports. Jefferies Financial Group lifted their target price on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Morgan Stanley increased their target price on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Bank of America increased their price objective on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $23.75.

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.