Hantz Financial Services Inc. Boosts Stake in Mattel, Inc. (NASDAQ:MAT)

Hantz Financial Services Inc. lifted its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 53.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,337 shares of the company's stock after acquiring an additional 59,845 shares during the quarter. Hantz Financial Services Inc. owned 0.05% of Mattel worth $3,283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. UMB Bank n.a. grew its position in Mattel by 584.3% during the third 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 purchased a new position in shares of Mattel during the 3rd quarter valued at about $29,000. GAMMA Investing LLC grew its stake in shares of Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company's stock valued at $33,000 after acquiring an additional 1,052 shares during the period. Blue Trust Inc. increased its holdings in Mattel by 143.2% in the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company's stock worth $34,000 after acquiring an additional 1,220 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Mattel during the 3rd quarter worth approximately $34,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Performance

MAT traded up $0.27 on Friday, reaching $19.02. 1,504,225 shares of the stock were exchanged, compared to its average volume of 3,982,042. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. The firm has a market capitalization of $6.41 billion, a PE ratio of 11.89, a PEG ratio of 0.98 and a beta of 0.78. The company's 50-day moving average price is $19.04 and its 200 day moving average price is $18.39. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $20.59.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their target price 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. Jefferies Financial Group boosted their target price on Mattel from $18.25 to $20.00 and gave the stock a "hold" rating in a research report on Tuesday, October 1st. DA Davidson restated a "buy" rating and set a $27.00 price target on shares of Mattel in a report on Thursday, October 24th. Bank of America upped their price objective on Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Mattel presently has a consensus rating of "Hold" and a consensus target price of $23.75.

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.