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

Charles Schwab Investment Management Inc. increased its holdings in shares of Mattel, Inc. (NASDAQ:MATFree Report) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,879,277 shares of the company’s stock after buying an additional 122,732 shares during the period. Charles Schwab Investment Management Inc. owned about 1.10% of Mattel worth $85,460,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Mattel by 1.3% during the third quarter. Vanguard Group Inc. now owns 33,071,893 shares of the company’s stock worth $626,381,000 after buying an additional 425,938 shares during the period. BlackRock Inc. increased its position in shares of Mattel by 0.6% in the 1st quarter. BlackRock Inc. now owns 29,406,400 shares of the company’s stock valued at $653,116,000 after purchasing an additional 173,932 shares during the last quarter. Ariel Investments LLC increased its holdings in Mattel by 1.1% in the second quarter. Ariel Investments LLC now owns 16,466,014 shares of the company’s stock valued at $321,746,000 after buying an additional 187,157 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Mattel by 3.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,084,720 shares of the company’s stock valued at $269,111,000 after buying an additional 477,695 shares during the last quarter. Finally, Capital International Investors increased its holdings in shares of Mattel by 6.3% in the 1st quarter. Capital International Investors now owns 11,648,917 shares of the company’s stock valued at $258,722,000 after acquiring an additional 693,226 shares during the last quarter. 93.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAT has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 price objective (down previously from $25.00) on shares of Mattel in a report on Wednesday, January 17th. Stifel Nicolaus dropped their target price on shares of Mattel from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. TheStreet lowered Mattel from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. downgraded Mattel from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $24.00 to $19.00 in a research note on Monday, February 5th. Finally, Citigroup assumed coverage on Mattel in a research note on Friday, October 20th. They set a “buy” rating and a $26.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.75.

Read Our Latest Research Report on MAT

Mattel Stock Up 0.1 %

Shares of NASDAQ:MAT opened at $18.89 on Monday. Mattel, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $22.64. The firm’s 50-day simple moving average is $18.58 and its 200-day simple moving average is $19.87. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.26 and a beta of 0.96. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08.

Mattel (NASDAQ:MATGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Mattel had a return on equity of 21.25% and a net margin of 3.94%. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the firm posted $0.18 EPS. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. As a group, equities research analysts predict that Mattel, Inc. will post 1.37 earnings per share for the current year.

About Mattel

(Free Report)

Mattel, Inc, a children's and family entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Disney Princess and Frozen, and Polly Pocket brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, and Power wheels brands.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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