Oak Thistle LLC Has $1.79 Million Position in Mattel, Inc. (NASDAQ:MAT)

Oak Thistle LLC increased its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 250.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,857 shares of the company's stock after purchasing an additional 65,683 shares during the quarter. Oak Thistle LLC's holdings in Mattel were worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont increased its stake in Mattel by 995.8% in the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock worth $26,000 after purchasing an additional 1,195 shares in the last quarter. Fifth Third Bancorp increased its stake in Mattel by 52.9% in the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock worth $54,000 after purchasing an additional 962 shares in the last quarter. TD Private Client Wealth LLC purchased a new position in Mattel in the 4th quarter worth about $51,000. UMB Bank n.a. increased its stake in Mattel by 93.5% in the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock worth $58,000 after purchasing an additional 1,447 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in Mattel by 10,226.7% in the 1st quarter. Sound Income Strategies LLC now owns 3,098 shares of the company's stock worth $60,000 after purchasing an additional 3,068 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Stock Up 3.2%

Shares of Mattel stock traded up $0.54 during trading on Friday, hitting $17.43. 10,169,165 shares of the stock traded hands, compared to its average volume of 3,895,899. The stock has a market cap of $5.63 billion, a P/E ratio of 11.25, a PEG ratio of 1.84 and a beta of 0.66. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.86 and a current ratio of 1.62. Mattel, Inc. has a twelve month low of $13.94 and a twelve month high of $22.07. The company has a fifty day moving average price of $19.37 and a two-hundred day moving average price of $18.88.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Mattel had a return on equity of 25.19% and a net margin of 9.87%. The firm's revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 EPS. Equities research analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAT. JPMorgan Chase & Co. lifted their price target on Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday. Wall Street Zen cut Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Citigroup lifted their target price on Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, June 16th. The Goldman Sachs Group lowered their target price on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Roth Capital set a $22.00 target price on Mattel and gave the company a "neutral" rating in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Mattel currently has an average rating of "Moderate Buy" and an average price target of $24.38.

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.