Mattel, Inc. (NASDAQ:MAT) Short Interest Update

Mattel, Inc. (NASDAQ:MAT) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 12,940,000 shares, a drop of 18.1% from the November 15th total of 15,800,000 shares. Based on an average daily trading volume, of 3,050,000 shares, the days-to-cover ratio is presently 4.2 days. Currently, 3.9% of the shares of the company are short sold.

Analyst Ratings Changes

Several research analysts have weighed in on MAT shares. DA Davidson reissued a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. Morgan Stanley boosted their price target on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Jefferies Financial Group raised their price objective on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Bank of America increased their target price on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.75.

Mattel Stock Performance

MAT traded down $0.45 on Friday, hitting $18.87. The company’s stock had a trading volume of 2,103,933 shares, compared to its average volume of 3,201,005. The firm has a market cap of $6.36 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76. Mattel has a 12 month low of $15.87 and a 12 month high of $20.59. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The company’s 50 day simple moving average is $19.07 and its 200-day simple moving average is $18.47.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping 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 business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company earned $1.08 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. Analysts forecast that Mattel will post 1.46 EPS for the current year.

Institutional Trading of Mattel

Institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its holdings in shares of Mattel by 2.8% during the third quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock worth $491,000 after purchasing an additional 693 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Mattel by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after buying an additional 775 shares during the last quarter. CWM LLC raised its position in shares of Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after buying an additional 1,097 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Mattel by 3.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock worth $752,000 after acquiring an additional 1,160 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Mattel by 143.2% in the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after acquiring an additional 1,220 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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.