Mattel, Inc. (NASDAQ:MAT) Holdings Lifted by Hantz Financial Services Inc.

Hantz Financial Services Inc. boosted its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 53.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,337 shares of the company’s stock after buying an additional 59,845 shares during the period. Hantz Financial Services Inc. owned approximately 0.05% of Mattel worth $3,283,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in shares of Mattel by 20,152.4% during the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock valued at $178,783,000 after acquiring an additional 10,940,943 shares in the last quarter. LSV Asset Management purchased a new position in Mattel in the second quarter valued at about $32,559,000. Dimensional Fund Advisors LP increased its position in Mattel by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after purchasing an additional 1,479,227 shares during the last quarter. Millennium Management LLC grew its stake in shares of Mattel by 92.5% in the 2nd quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock valued at $39,947,000 after buying an additional 1,180,301 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Mattel by 75.2% in the second quarter. American Century Companies Inc. now owns 1,824,979 shares of the company’s stock worth $29,674,000 after buying an additional 783,264 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Price Performance

Shares of NASDAQ:MAT opened at $19.02 on Friday. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.97 and a beta of 0.78. The business has a 50 day moving average price of $19.04 and a 200 day moving average price of $18.40. 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, Inc. has a twelve month low of $15.87 and a twelve month high of $20.59.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the business earned $1.08 earnings per share. Mattel’s revenue for the quarter was down 3.9% compared to the same quarter last year. Research analysts predict that Mattel, Inc. will post 1.46 earnings per share for the current year.

Analyst Ratings Changes

MAT has been the subject of several recent research reports. Bank of America boosted their target price on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley upped their price objective on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. 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. Finally, StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.