Mattel, Inc. (MAT) Short Interest Up 10.9% in September
Mattel, Inc. (NASDAQ:MAT) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 47,859,480 shares, an increase of 10.9% from the August 31st total of 43,159,890 shares. Based on an average daily volume of 6,803,108 shares, the short-interest ratio is currently 7.0 days. Currently, 14.0% of the shares of the stock are sold short.
Shares of Mattel (NASDAQ:MAT) opened at 15.38 on Tuesday. Mattel has a 52-week low of $14.35 and a 52-week high of $33.23. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 22.07 and a beta of 0.86. The stock has a 50 day moving average of $15.89 and a 200-day moving average of $20.60.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, July 27th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.05). Mattel had a net margin of 4.51% and a return on equity of 11.62%. The business had revenue of $974.50 million for the quarter, compared to the consensus estimate of $972.36 million. During the same quarter last year, the firm earned ($0.02) EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities research analysts predict that Mattel will post $0.78 EPS for the current fiscal year.
In other Mattel news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of the stock in a transaction dated Tuesday, August 1st. The shares were bought at an average price of $19.61 per share, with a total value of $248,262.60. Following the purchase, the chief executive officer now directly owns 116,788 shares of the company’s stock, valued at approximately $2,290,212.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in MAT. BlackRock Inc. raised its stake in shares of Mattel by 3,220.3% in the 1st quarter. BlackRock Inc. now owns 35,888,132 shares of the company’s stock valued at $919,097,000 after purchasing an additional 34,807,257 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Mattel by 2.0% in the second quarter. Vanguard Group Inc. now owns 34,329,879 shares of the company’s stock valued at $739,123,000 after purchasing an additional 662,676 shares in the last quarter. State Street Corp lifted its holdings in shares of Mattel by 0.8% in the first quarter. State Street Corp now owns 14,773,530 shares of the company’s stock valued at $378,355,000 after purchasing an additional 117,584 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Mattel by 91.6% during the second quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock worth $214,398,000 after buying an additional 4,759,608 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Mattel by 19,570.6% during the second quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock worth $207,066,000 after buying an additional 9,568,634 shares during the period. Hedge funds and other institutional investors own 93.81% of the company’s stock.
MAT has been the subject of several research reports. UBS AG reissued a “buy” rating and set a $26.00 price objective (down from $29.00) on shares of Mattel in a research note on Wednesday, June 21st. Stifel Nicolaus restated a “hold” rating on shares of Mattel in a report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 target price on shares of Mattel in a research report on Monday, June 19th. DA Davidson lowered Mattel from a “buy” rating to a “neutral” rating and cut their target price for the stock from $30.00 to $24.00 in a research report on Thursday, June 15th. Finally, BidaskClub downgraded Mattel from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.12.
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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