Mattel, Inc. (NASDAQ:MAT) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 68,670,306 shares, a decrease of 9.3% from the November 15th total of 75,676,719 shares. Approximately 20.0% of the shares of the stock are sold short. Based on an average daily volume of 7,268,981 shares, the short-interest ratio is presently 9.4 days.

Shares of Mattel (NASDAQ:MAT) opened at $15.48 on Friday. Mattel has a 52-week low of $12.71 and a 52-week high of $31.60. The company has a market capitalization of $5,582.17, a price-to-earnings ratio of 108.27 and a beta of 1.00. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32.

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

MAT has been the subject of a number of research analyst reports. Jefferies Group set a $14.00 target price on Mattel and gave the stock a “hold” rating in a research report on Tuesday, December 12th. BidaskClub downgraded Mattel from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Monness Crespi & Hardt upped their target price on Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. ValuEngine upgraded Mattel from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, DA Davidson upgraded Mattel from an “underperform” rating to a “neutral” rating and set a $12.00 target price for the company in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $21.54.

Several large investors have recently made changes to their positions in the company. Highlander Capital Management LLC acquired a new stake in Mattel during the 2nd quarter valued at $105,000. Penserra Capital Management LLC raised its stake in Mattel by 26.6% during the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after purchasing an additional 1,287 shares during the period. Zeke Capital Advisors LLC acquired a new stake in Mattel during the 3rd quarter valued at $163,000. Hartland & Co. LLC acquired a new stake in Mattel during the 3rd quarter valued at $165,000. Finally, ETF Managers Group LLC acquired a new stake in Mattel during the 2nd quarter valued at $195,000. Institutional investors own 93.86% of the company’s stock.

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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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