Crossmark Global Holdings Inc. Raises Stake in Mattel, Inc. (NASDAQ:MAT)

Crossmark Global Holdings Inc. grew its position in shares of Mattel, Inc. (NASDAQ:MAT) by 26.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,954 shares of the company’s stock after purchasing an additional 28,386 shares during the period. Crossmark Global Holdings Inc.’s holdings in Mattel were worth $2,393,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MAT. UMB Bank n.a. boosted its stake in Mattel by 584.3% in the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Mattel during the third quarter valued at approximately $29,000. Prospera Private Wealth LLC bought a new stake in Mattel in the 3rd quarter worth $34,000. West Oak Capital LLC increased its holdings in 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 purchasing an additional 1,955 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Mattel by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after buying an additional 775 shares during the period. 97.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MAT shares. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley upped their price target on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. DA Davidson reaffirmed a “buy” rating and issued a $27.00 price target on shares of Mattel in a research report on Thursday, October 24th. Jefferies Financial Group raised their price target on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, October 1st. Finally, Bank of America boosted their price target on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.75.

Mattel Price Performance

Shares of Mattel stock opened at $18.12 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. The stock has a market cap of $6.10 billion, a P/E ratio of 11.33, a P/E/G ratio of 0.86 and a beta of 0.75. The stock’s fifty day moving average is $18.43 and its 200 day moving average is $18.66. Mattel, Inc. has a one year low of $15.87 and a one year high of $20.59.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (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 business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The business’s revenue was down 3.9% compared to the same quarter last year. Sell-side analysts anticipate that Mattel, Inc. will post 1.45 earnings per share for the current year.

About Mattel

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.