Mattel, Inc. (NASDAQ:MAT) Shares Bought by Oak Thistle LLC

Oak Thistle LLC raised its position in Mattel, Inc. (NASDAQ:MAT) by 122.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,174 shares of the company’s stock after buying an additional 14,421 shares during the period. Oak Thistle LLC’s holdings in Mattel were worth $464,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Miracle Mile Advisors LLC lifted its position in Mattel by 99.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 21,603 shares of the company’s stock worth $383,000 after buying an additional 10,783 shares in the last quarter. West Oak Capital LLC increased its position in Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after purchasing an additional 1,955 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Mattel in the 4th quarter valued at $227,000. GAMMA Investing LLC lifted its position in Mattel by 26.6% in the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after buying an additional 744 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Mattel by 84.0% during the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after acquiring an additional 4,270,162 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Up 0.4 %

Shares of NASDAQ MAT opened at $17.94 on Friday. The business has a 50-day moving average of $18.57 and a two-hundred day moving average of $18.61. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 0.88 and a beta of 0.75. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $20.59. 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 earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share 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%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 earnings per share. On average, 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 analysts have issued reports on MAT shares. Bank of America boosted their target price on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Morgan Stanley raised their price target on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. DA Davidson reaffirmed a “buy” rating and set a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. Finally, Jefferies Financial Group lifted their target price on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.