Thrivent Financial for Lutherans Has $3.73 Million Holdings in Mattel, Inc. $MAT

Thrivent Financial for Lutherans lifted its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 137.5% in the 2nd quarter, Holdings Channel reports. The fund owned 189,160 shares of the company’s stock after acquiring an additional 109,527 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Mattel were worth $3,730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in Mattel by 189.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock worth $32,000 after purchasing an additional 1,054 shares during the period. Traub Capital Management LLC acquired a new stake in shares of Mattel in the 2nd quarter valued at about $40,000. IFP Advisors Inc lifted its holdings in shares of Mattel by 90.6% in the second quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock valued at $44,000 after purchasing an additional 1,053 shares in the last quarter. Employees Retirement System of Texas acquired a new position in shares of Mattel during the second quarter worth about $55,000. Finally, True Wealth Design LLC grew its holdings in shares of Mattel by 409.1% during the second quarter. True Wealth Design LLC now owns 2,846 shares of the company’s stock worth $56,000 after buying an additional 2,287 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Performance

Shares of MAT stock opened at $20.07 on Friday. The company has a fifty day moving average price of $19.51 and a two-hundred day moving average price of $18.79. Mattel, Inc. has a one year low of $13.94 and a one year high of $22.07. The stock has a market cap of $6.24 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.34 and a beta of 0.70. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.18.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). Mattel had a return on equity of 20.60% and a net margin of 8.27%.The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, equities analysts predict that Mattel, Inc. will post 1.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on MAT. JPMorgan Chase & Co. cut their target price on Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Roth Capital set a $20.00 price objective on shares of Mattel and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Cfra Research cut shares of Mattel from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 22nd. DA Davidson decreased their target price on shares of Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $22.57.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.