Thrivent Financial for Lutherans Has $3.21 Million Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Thrivent Financial for Lutherans raised its holdings in Mattel, Inc. (NASDAQ:MAT) by 101.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 168,410 shares of the company’s stock after buying an additional 84,626 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Mattel were worth $3,208,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. UMB Bank n.a. raised its position in shares of 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 last quarter. V Square Quantitative Management LLC bought a new stake in shares of Mattel in the 3rd quarter worth approximately $29,000. GAMMA Investing LLC grew its holdings in shares of Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after purchasing an additional 1,052 shares in the last quarter. Blue Trust Inc. increased its position in shares of Mattel by 143.2% during the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after purchasing an additional 1,220 shares during the period. Finally, CWM LLC raised its stake in shares of Mattel by 71.0% in 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. 97.15% of the stock is owned by institutional investors.

Mattel Stock Up 2.0 %

NASDAQ MAT opened at $19.07 on Tuesday. The stock’s 50 day simple moving average is $19.09 and its 200 day simple moving average is $18.39. Mattel, Inc. has a one year low of $15.87 and a one year high of $20.59. The firm has a market cap of $6.42 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The business’s revenue was down 3.9% on a year-over-year basis. As a group, sell-side analysts forecast 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 weighed in on MAT. DA Davidson reiterated a “buy” rating and set a $27.00 price target on shares of Mattel in a research note on Thursday, October 24th. Morgan Stanley upped 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. StockNews.com cut shares of Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Bank of America lifted their price objective on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group increased their target price on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average 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.