Thrivent Financial for Lutherans Sells 38,469 Shares of Mattel, Inc. (NASDAQ:MAT)

Thrivent Financial for Lutherans reduced its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 22.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,941 shares of the company's stock after selling 38,469 shares during the quarter. Thrivent Financial for Lutherans' holdings in Mattel were worth $2,303,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp lifted its stake in shares of Mattel by 3.1% in the 3rd quarter. State Street Corp now owns 10,517,270 shares of the company's stock valued at $200,354,000 after purchasing an additional 318,125 shares during the period. Franklin Resources Inc. lifted its position in Mattel by 84.0% during the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock valued at $176,757,000 after buying an additional 4,270,162 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Mattel by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company's stock valued at $116,896,000 after buying an additional 17,309 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Mattel by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock worth $77,847,000 after buying an additional 127,064 shares during the period. Finally, Hennessy Advisors Inc. bought a new position in shares of Mattel in the 4th quarter worth about $53,238,000. 97.15% of the stock is currently owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

Several equities research analysts recently commented on MAT shares. DA Davidson upped their price objective on shares of Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and upped their price target for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. Morgan Stanley lifted their price objective on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. Finally, StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $25.57.

Mattel Stock Up 2.3 %

Shares of MAT stock traded up $0.44 during mid-day trading on Wednesday, hitting $19.87. The company's stock had a trading volume of 2,977,200 shares, compared to its average volume of 3,380,716. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 2.35 and a beta of 0.51. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $22.07. The business has a 50-day moving average price of $20.32 and a 200 day moving average price of $19.32.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same quarter in the previous year, the company posted $0.29 EPS. Research analysts predict that Mattel, Inc. will post 1.7 EPS 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.