Oak Thistle LLC Grows Position in Mattel, Inc. (NASDAQ:MAT)

Oak Thistle LLC boosted its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 122.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,174 shares of the company's stock after acquiring an additional 14,421 shares during the quarter. Oak Thistle LLC's holdings in Mattel were worth $464,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Pacer Advisors Inc. lifted 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 worth $178,783,000 after acquiring an additional 10,940,943 shares during the period. Franklin Resources Inc. raised its position in 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 purchasing an additional 4,270,162 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Mattel by 34.3% during the second 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 boosted its holdings 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 purchasing an additional 1,180,301 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Mattel by 75.2% in the 2nd quarter. American Century Companies Inc. now owns 1,824,979 shares of the company's stock valued at $29,674,000 after purchasing an additional 783,264 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Trading Down 0.4 %

MAT traded down $0.07 during trading on Friday, hitting $17.87. The company's stock had a trading volume of 142,703 shares, compared to its average volume of 2,329,467. The firm has a market capitalization of $6.02 billion, a P/E ratio of 11.20, a PEG ratio of 0.88 and a beta of 0.75. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $20.59. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The stock's fifty day moving average price is $18.54 and its 200-day moving average price is $18.60.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data 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 net margin of 10.24% and a return on equity of 25.39%. The company had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The business's revenue was down 3.9% on a year-over-year basis. Analysts anticipate that Mattel, Inc. will post 1.46 EPS for the current year.

Analyst Upgrades and Downgrades

MAT has been the subject of several recent analyst reports. Bank of America upped their price objective on Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. DA Davidson reiterated a "buy" rating and set a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. StockNews.com lowered shares of Mattel from a "buy" rating to a "hold" rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group boosted their price objective on Mattel from $18.25 to $20.00 and gave the stock a "hold" rating in a research report on Tuesday, October 1st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently 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.