Crossmark Global Holdings Inc. Purchases 28,386 Shares of Mattel, Inc. (NASDAQ:MAT)

Crossmark Global Holdings Inc. increased its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 26.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,954 shares of the company’s stock after buying an additional 28,386 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Mattel were worth $2,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of MAT. UMB Bank n.a. grew its holdings 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 purchased a new stake in Mattel in the 3rd quarter worth approximately $29,000. Prospera Private Wealth LLC acquired a new stake in Mattel during the third quarter valued at $34,000. West Oak Capital LLC grew its position in shares of Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after acquiring an additional 1,955 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Mattel by 38.3% in the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after purchasing an additional 775 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

Shares of Mattel stock opened at $18.12 on Friday. The business has a 50-day moving average of $18.43 and a 200 day moving average of $18.66. 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, Inc. has a 12 month low of $15.87 and a 12 month high of $20.59. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 0.86 and a beta of 0.75.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.95 by $0.19. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. Mattel’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. As a group, sell-side analysts forecast that Mattel, Inc. will post 1.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. DA Davidson reaffirmed a “buy” rating and set a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley raised their target price on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Jefferies Financial Group upped their price objective on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Finally, Bank of America lifted their price target on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Mattel presently has a consensus rating of “Moderate Buy” and a consensus 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.