Charles Schwab Investment Management Inc. Buys 114,305 Shares of Mattel, Inc. (NASDAQ:MAT)

Charles Schwab Investment Management Inc. increased its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,263,611 shares of the company's stock after buying an additional 114,305 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.27% of Mattel worth $81,222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. increased its position in shares of Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company's stock worth $28,000 after acquiring an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Mattel in the 3rd quarter valued at about $29,000. GAMMA Investing LLC raised its stake in shares of Mattel by 108.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company's stock valued at $33,000 after purchasing an additional 1,052 shares during the period. Blue Trust Inc. lifted its holdings in shares of 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 in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in shares of Mattel during the third quarter worth about $34,000. 97.15% of the stock is currently owned by institutional investors.

Mattel Stock Performance

MAT traded up $0.12 during trading hours on Thursday, reaching $18.75. The company's stock had a trading volume of 3,023,615 shares, compared to its average volume of 3,241,375. The company's 50-day moving average is $19.06 and its 200-day moving average is $18.39. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. The firm has a market cap of $6.32 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 0.98 and a beta of 0.78. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $20.59.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.95 by $0.19. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The firm's revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. On average, equities analysts forecast that Mattel, Inc. will post 1.46 EPS for the current year.

Wall Street Analyst Weigh In

MAT has been the topic of a number of recent research reports. Jefferies Financial Group lifted their target price on Mattel from $18.25 to $20.00 and gave the company a "hold" rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. StockNews.com downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Morgan Stanley lifted their price target 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. Finally, DA Davidson restated a "buy" rating and issued a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $23.75.

About Mattel

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.