Mattel, Inc. (NASDAQ:MAT) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 101.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,410 shares of the company's stock after purchasing an additional 84,626 shares during the quarter. Thrivent Financial for Lutherans' holdings in Mattel were worth $3,208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its stake in Mattel by 2.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company's stock worth $491,000 after acquiring an additional 693 shares during the last quarter. GAMMA Investing LLC increased its position in Mattel by 38.3% in the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock worth $53,000 after purchasing an additional 775 shares during the last quarter. CWM LLC raised its stake in Mattel by 71.0% during the second quarter. CWM LLC now owns 2,641 shares of the company's stock valued at $43,000 after purchasing an additional 1,097 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Mattel by 3.0% during the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company's stock valued at $752,000 after purchasing an additional 1,160 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of 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 buying an additional 1,220 shares in the last quarter. Institutional investors own 97.15% of the company's stock.

Mattel Stock Down 2.3 %

Shares of Mattel stock traded down $0.44 during trading on Tuesday, hitting $18.63. 3,844,859 shares of the stock traded hands, compared to its average volume of 3,242,063. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $20.59. The stock's fifty day simple moving average is $19.09 and its 200 day simple moving average is $18.39. The firm has a market cap of $6.28 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share (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 analyst estimates of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. Mattel's revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.08 earnings per share. On average, equities analysts predict that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MAT. JPMorgan Chase & Co. boosted their target price on shares of Mattel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Jefferies Financial Group raised their price objective on Mattel from $18.25 to $20.00 and gave the company a "hold" rating in a research note on Tuesday, October 1st. DA Davidson reiterated a "buy" rating and issued a $27.00 target price on shares of Mattel in a report on Thursday, October 24th. StockNews.com lowered Mattel from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, Morgan Stanley raised their price target on Mattel from $21.00 to $22.00 and gave the stock an "equal weight" 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 MarketBeat.com, the stock has an average rating of "Hold" and an average 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.