Charles Schwab Investment Management Inc. Acquires 127,064 Shares of Mattel, Inc. (NASDAQ:MAT)

Charles Schwab Investment Management Inc. increased its holdings in Mattel, Inc. (NASDAQ:MAT) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,390,675 shares of the company’s stock after buying an additional 127,064 shares during the period. Charles Schwab Investment Management Inc. owned 1.30% of Mattel worth $77,847,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MAT. Citigroup Inc. boosted its holdings in Mattel by 449.9% in the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock valued at $5,562,000 after purchasing an additional 238,884 shares during the period. FORA Capital LLC bought a new position in Mattel in the 3rd quarter valued at $1,003,000. Thrivent Financial for Lutherans boosted its holdings in Mattel by 101.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock valued at $3,208,000 after purchasing an additional 84,626 shares during the period. Hantz Financial Services Inc. boosted its holdings in Mattel by 53.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock valued at $3,283,000 after purchasing an additional 59,845 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in Mattel in the 4th quarter valued at $538,000. 97.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

MAT has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. DA Davidson raised their price target on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and raised their price objective for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. Finally, StockNews.com cut shares of Mattel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mattel presently has an average rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Stock Performance

Mattel stock opened at $20.87 on Tuesday. The stock has a market cap of $6.95 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. The firm’s fifty day moving average price is $19.71 and its 200-day moving average price is $19.21. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $22.07. 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 (NASDAQ:MAT) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm posted $0.29 EPS. On average, equities research analysts expect that Mattel, Inc. will post 1.7 earnings per share 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.