Charles Schwab Investment Management Inc. Raises Stake in Mattel, Inc. (NASDAQ:MAT)

Charles Schwab Investment Management Inc. lifted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 2.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,263,611 shares of the company’s stock after buying an additional 114,305 shares during the period. Charles Schwab Investment Management Inc. owned 1.27% of Mattel worth $81,222,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MAT. UMB Bank n.a. grew its holdings in Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after buying an additional 1,268 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Mattel in the third quarter worth approximately $29,000. GAMMA Investing LLC boosted its position in shares of Mattel by 108.5% in the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after acquiring an additional 1,052 shares during the last quarter. Blue Trust Inc. grew its holdings in Mattel by 143.2% in the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after purchasing an additional 1,220 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in Mattel during the third quarter worth approximately $34,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. lifted their target price on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. DA Davidson restated a “buy” rating and set a $27.00 price target on shares of Mattel in a research note on Thursday, October 24th. Morgan Stanley lifted their price objective on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, Bank of America increased their target price on shares of 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $23.75.

Mattel Stock Up 0.6 %

Shares of NASDAQ:MAT opened at $18.75 on Thursday. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 0.98 and a beta of 0.78. The company has a 50 day moving average of $19.07 and a two-hundred day moving average of $18.39. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $20.59. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01.

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