Short Interest in Mattel, Inc. (MAT) Drops By 6.5%
Mattel, Inc. (NASDAQ:MAT) saw a large drop in short interest in December. As of December 29th, there was short interest totalling 55,399,623 shares, a drop of 6.5% from the December 15th total of 59,266,703 shares. Approximately 16.2% of the company’s stock are sold short. Based on an average daily trading volume, of 4,523,797 shares, the short-interest ratio is currently 12.2 days.
Several institutional investors have recently bought and sold shares of MAT. Highlander Capital Management LLC bought a new stake in shares of Mattel in the 2nd quarter worth $105,000. Zeke Capital Advisors LLC bought a new stake in shares of Mattel in the 3rd quarter worth $163,000. Hartland & Co. LLC bought a new stake in shares of Mattel in the 3rd quarter worth $165,000. ETF Managers Group LLC bought a new stake in shares of Mattel in the 2nd quarter worth $195,000. Finally, National Asset Management Inc. bought a new stake in shares of Mattel in the 2nd quarter worth $213,000. 93.66% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on MAT shares. UBS Group set a $22.00 price objective on Mattel and gave the company a “buy” rating in a research report on Friday, October 27th. Jefferies Group set a $17.00 price objective on Mattel and gave the company a “hold” rating in a research report on Saturday, December 2nd. Monness Crespi & Hardt lowered Mattel from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 12th. TheStreet lowered Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. Finally, DA Davidson raised Mattel from an “underperform” rating to a “neutral” rating and set a $12.00 price objective for the company in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Mattel currently has a consensus rating of “Hold” and a consensus target price of $20.25.
Shares of Mattel (NASDAQ:MAT) opened at $15.29 on Friday. The company has a market capitalization of $5,260.00, a price-to-earnings ratio of -8.74, a price-to-earnings-growth ratio of 4.40 and a beta of 1.01. Mattel has a fifty-two week low of $12.71 and a fifty-two week high of $31.60. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.
Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate 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 positive return on equity of 2.51% and a negative net margin of 11.73%. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS. sell-side analysts expect that Mattel will post -0.16 earnings per share for the current year.
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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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