Massachusetts Financial Services Co. MA Has $119.86 Million Holdings in Mattel, Inc. (NASDAQ:MAT)

Massachusetts Financial Services Co. MA lifted its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,291,976 shares of the company's stock after purchasing an additional 27,204 shares during the period. Massachusetts Financial Services Co. MA owned 1.87% of Mattel worth $119,862,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC acquired a new position in shares of Mattel during the 3rd quarter worth approximately $8,997,000. Landscape Capital Management L.L.C. acquired a new position in shares of Mattel in the third quarter valued at $1,140,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Mattel in the third quarter valued at about $591,000. Prospera Private Wealth LLC acquired a new stake in shares of Mattel during the 3rd quarter worth about $34,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Mattel by 101.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company's stock worth $3,208,000 after buying an additional 84,626 shares during the period. 97.15% of the stock is owned by institutional investors.

Mattel Price Performance

Shares of MAT traded up $0.31 during trading hours on Friday, hitting $18.69. 12,358,305 shares of the company were exchanged, compared to its average volume of 3,673,441. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 0.95 and a beta of 0.78. The firm's fifty day moving average is $19.09 and its 200 day moving average is $18.39. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two 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 - Get Free Report) last released 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. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the firm earned $1.08 EPS. The business's quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities analysts anticipate that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Jefferies Financial Group upped 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. Morgan Stanley lifted their price target on Mattel from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. StockNews.com cut Mattel from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, Bank of America boosted their target price on shares of Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.