Mattel, Inc. (MAT) Sees Significant Decrease in Short Interest

Mattel, Inc. (NASDAQ:MAT) was the target of a large decrease in short interest during the month of December. As of December 29th, there was short interest totalling 55,399,623 shares, a decrease of 6.5% from the December 15th total of 59,266,703 shares. Approximately 16.2% of the company’s stock are short sold. Based on an average daily trading volume, of 4,523,797 shares, the days-to-cover ratio is presently 12.2 days.

Mattel (NASDAQ MAT) opened at $15.16 on Thursday. The stock has a market capitalization of $5,210.00, a price-to-earnings ratio of -8.66, a price-to-earnings-growth ratio of 4.14 and a beta of 1.01. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89. Mattel has a 12 month low of $12.71 and a 12 month high of $31.60.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.49). The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 EPS. equities research analysts expect that Mattel will post -0.16 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in MAT. Creative Planning grew its stake in shares of Mattel by 42.1% during the 4th quarter. Creative Planning now owns 35,732 shares of the company’s stock worth $550,000 after acquiring an additional 10,595 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Mattel during the 3rd quarter worth $375,000. Coastline Trust Co grew its stake in shares of Mattel by 44.4% during the 3rd quarter. Coastline Trust Co now owns 20,360 shares of the company’s stock worth $315,000 after acquiring an additional 6,260 shares during the period. California Public Employees Retirement System grew its stake in shares of Mattel by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 995,075 shares of the company’s stock worth $15,404,000 after acquiring an additional 100,722 shares during the period. Finally, Vident Investment Advisory LLC bought a new position in shares of Mattel during the 3rd quarter worth $236,000.

MAT has been the subject of a number of analyst reports. UBS Group set a $22.00 price target on Mattel and gave the company a “buy” rating in a research report on Friday, October 27th. Monness Crespi & Hardt increased their price target on Mattel from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. TheStreet lowered Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. Stifel Nicolaus lowered their price target on Mattel from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, October 12th. Finally, SunTrust Banks reissued a “hold” rating and issued a $17.00 price target (down from $22.00) on shares of Mattel in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mattel has an average rating of “Hold” and a consensus target price of $20.25.

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About Mattel

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

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