Sherbrooke Park Advisers LLC Purchases Shares of 15,635 Mattel, Inc. (NASDAQ:MAT)

Sherbrooke Park Advisers LLC bought a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,635 shares of the company's stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after buying an additional 926 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Mattel in the 4th quarter valued at $51,000. Quarry LP boosted its stake in shares of Mattel by 130.3% in the 4th quarter. Quarry LP now owns 3,148 shares of the company's stock valued at $56,000 after purchasing an additional 1,781 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Mattel by 175.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock valued at $83,000 after purchasing an additional 2,972 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Mattel by 2,698.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company's stock valued at $125,000 after purchasing an additional 6,826 shares in the last quarter. Institutional investors own 97.15% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on MAT. Citigroup boosted their target price on shares of Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group reduced their price target on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and upped their price target for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. DA Davidson reiterated a "buy" rating and set a $30.00 price target on shares of Mattel in a research report on Thursday, May 15th. Finally, Morgan Stanley upped their target price on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.14.

Mattel Trading Down 2.2%

Shares of MAT stock traded down $0.43 on Friday, reaching $19.01. The company had a trading volume of 2,876,262 shares, compared to its average volume of 3,750,591. The company has a 50-day moving average of $17.36 and a 200-day moving average of $18.64. Mattel, Inc. has a 12 month low of $13.95 and a 12 month high of $22.07. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The stock has a market cap of $6.14 billion, a PE ratio of 11.88, a PEG ratio of 2.35 and a beta of 0.61.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. Mattel had a return on equity of 25.94% and a net margin of 10.07%. The business had revenue of $826.60 million during the quarter, compared to analysts' expectations of $791.49 million. During the same period in the prior year, the business earned ($0.05) EPS. Mattel's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current year.

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.