Sherbrooke Park Advisers LLC Takes $277,000 Position in Mattel, Inc. (NASDAQ:MAT)

Sherbrooke Park Advisers LLC purchased a new stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 15,635 shares of the company's stock, valued at approximately $277,000.

Other large investors have also modified their holdings of the company. Magnetar Financial LLC acquired a new position in shares of Mattel in the 4th quarter worth $944,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Mattel by 34.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company's stock worth $37,760,000 after acquiring an additional 545,300 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Mattel by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock worth $587,469,000 after buying an additional 355,769 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Mattel in the fourth quarter worth $660,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Mattel by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock worth $77,847,000 after buying an additional 127,064 shares during the period. 97.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley raised their target price on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. DA Davidson reaffirmed a "buy" rating and issued a $30.00 target price on shares of Mattel in a research report on Thursday, May 15th. Jefferies Financial Group raised Mattel from a "hold" rating to a "buy" rating and raised their target price for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, Citigroup raised their target price on Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Two 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, Mattel has an average rating of "Moderate Buy" and a consensus price target of $24.14.

Mattel Price Performance

MAT opened at $20.00 on Tuesday. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 2.35 and a beta of 0.61. Mattel, Inc. has a 1 year low of $13.95 and a 1 year 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 fifty day moving average price of $17.40 and a 200 day moving average price of $18.65.

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

Mattel 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.

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