Mattel, Inc. (NASDAQ:MAT) Stock Holdings Increased by West Oak Capital LLC

West Oak Capital LLC lifted its stake in Mattel, Inc. (NASDAQ:MAT) by 9,775.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,975 shares of the company’s stock after acquiring an additional 1,955 shares during the quarter. West Oak Capital LLC’s holdings in Mattel were worth $35,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MAT. Barington Capital Group L.P. increased its holdings in Mattel by 25.3% in the second quarter. Barington Capital Group L.P. now owns 595,000 shares of the company’s stock worth $9,675,000 after buying an additional 120,000 shares during the last quarter. Citigroup Inc. increased its holdings in Mattel by 449.9% in the third quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock worth $5,562,000 after buying an additional 238,884 shares during the last quarter. FORA Capital LLC acquired a new position in Mattel in the third quarter worth approximately $1,003,000. Charles Schwab Investment Management Inc. increased its holdings in Mattel by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock worth $81,222,000 after buying an additional 114,305 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Mattel by 53.2% in the third quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock worth $3,283,000 after buying an additional 59,845 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Up 1.4 %

MAT opened at $18.68 on Friday. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $20.59. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 0.97 and a beta of 0.75. The business has a 50 day moving average of $18.69 and a 200-day moving average of $18.55.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the business earned $1.08 earnings per share. Mattel’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mattel, Inc. will post 1.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MAT has been the topic of a number of research reports. Bank of America increased their price objective on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. DA Davidson restated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th. Jefferies Financial Group increased their price objective on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. increased their price target on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.75.

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.