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

J.W. Cole Advisors Inc. lifted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 13.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,885 shares of the company’s stock after buying an additional 2,390 shares during the period. J.W. Cole Advisors Inc.’s holdings in Mattel were worth $375,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Xponance Inc. increased its stake in Mattel by 7.9% in the 4th quarter. Xponance Inc. now owns 49,210 shares of the company’s stock worth $929,000 after purchasing an additional 3,592 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Mattel by 12.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 76,131 shares of the company’s stock worth $1,437,000 after purchasing an additional 8,476 shares during the period. Oak Family Advisors LLC increased its stake in Mattel by 0.9% in 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. Cornercap Investment Counsel Inc. purchased a new position in Mattel in the 4th quarter worth approximately $506,000. Finally, Strs Ohio increased its stake in Mattel by 33.9% in the 4th quarter. Strs Ohio now owns 65,733 shares of the company’s stock worth $1,241,000 after purchasing an additional 16,639 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Trading Up 2.4 %

NASDAQ MAT opened at $19.18 on Thursday. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08. Mattel, Inc. has a twelve month low of $16.20 and a twelve month high of $22.64. The firm has a market capitalization of $6.60 billion, a PE ratio of 23.11, a P/E/G ratio of 1.25 and a beta of 0.95. The stock’s 50 day moving average is $19.30 and its 200 day moving average is $19.08.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $833.52 million. During the same period in the previous year, the company posted ($0.24) earnings per share. The firm’s revenue was down .6% on a year-over-year basis. Research analysts forecast that Mattel, Inc. will post 1.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MAT has been the topic of a number of analyst reports. DA Davidson lifted their price target on Mattel from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday. Roth Capital lowered Mattel from a “buy” rating to a “neutral” rating in a research report on Thursday, January 4th. Jefferies Financial Group lifted their price objective on Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. TheStreet lowered Mattel from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th. Finally, Stifel Nicolaus cut their price objective on Mattel from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.