Sterling Capital Management LLC Grows Stake in Mattel, Inc. (NASDAQ:MAT)

Sterling Capital Management LLC boosted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 54.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,220 shares of the company’s stock after purchasing an additional 7,159 shares during the quarter. Sterling Capital Management LLC’s holdings in Mattel were worth $359,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MAT. Magnetar Financial LLC acquired a new stake in Mattel during the 4th quarter valued at $944,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Mattel by 34.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company’s stock valued at $37,760,000 after acquiring an additional 545,300 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Mattel by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company’s stock valued at $587,469,000 after acquiring an additional 355,769 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Mattel during the 4th quarter worth about $660,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Mattel by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company’s stock valued at $77,847,000 after purchasing an additional 127,064 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Up 1.3 %

Shares of NASDAQ:MAT opened at $14.83 on Friday. Mattel, Inc. has a 1 year low of $13.95 and a 1 year high of $22.07. The stock has a 50-day simple moving average of $19.15 and a 200-day simple moving average of $18.95. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The stock has a market capitalization of $4.79 billion, a P/E ratio of 9.27, a PEG ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the prior year, the firm posted $0.29 EPS. Equities analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MAT. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. DA Davidson upgraded Mattel to a “strong-buy” rating in a report on Monday, April 14th. Morgan Stanley upped their target price on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and raised their price target for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.57.

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.