J.W. Cole Advisors Inc. Raises Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

J.W. Cole Advisors Inc. boosted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,885 shares of the company’s stock after purchasing an additional 2,390 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Mattel were worth $375,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in Mattel by 23.3% during the 3rd quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock worth $64,000 after purchasing an additional 550 shares during the period. Oak Family Advisors LLC increased its holdings in Mattel by 0.9% during the 4th quarter. Oak Family Advisors LLC now owns 60,189 shares of the company’s stock worth $1,136,000 after purchasing an additional 559 shares during the period. Treasurer of the State of North Carolina increased its holdings in Mattel by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 154,594 shares of the company’s stock worth $3,406,000 after purchasing an additional 780 shares during the period. Panagora Asset Management Inc. boosted its position in Mattel by 9.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 11,045 shares of the company’s stock valued at $243,000 after acquiring an additional 958 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Mattel by 6.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 17,398 shares of the company’s stock valued at $383,000 after acquiring an additional 989 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Stock Up 2.4 %

Mattel stock opened at $19.18 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.33 and a quick ratio of 1.90. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.25 and a beta of 0.95. Mattel, Inc. has a 1-year low of $16.20 and a 1-year high of $22.64. The business has a fifty day moving average price of $19.30 and a 200-day moving average price of $19.08.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a return on equity of 24.25% and a net margin of 5.38%. The company had revenue of $809.50 million during the quarter, compared to analysts’ expectations of $833.52 million. During the same quarter in the previous year, the firm posted ($0.24) EPS. The firm’s revenue was down .6% compared to the same quarter last year. Equities research analysts forecast that Mattel, Inc. will post 1.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MAT. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. DA Davidson increased their target price on Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday. Roth Mkm reaffirmed a “neutral” rating and set a $21.00 target price on shares of Mattel in a research report on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 target price (down previously from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. Finally, Citigroup increased their target price on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.78.

Mattel Company 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.