Mattel, Inc. (MAT) Short Interest Down 11.6% in January

Mattel, Inc. (NASDAQ:MAT) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 59,381,192 shares, a drop of 11.6% from the January 15th total of 67,168,879 shares. Currently, 17.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,544,526 shares, the days-to-cover ratio is currently 16.8 days.

In other Mattel news, EVP Michael J. Eilola sold 10,904 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $15.72, for a total transaction of $171,410.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MAT. Capital International Investors bought a new position in shares of Mattel during the 3rd quarter valued at approximately $109,900,000. Franklin Resources Inc. boosted its position in shares of Mattel by 10.8% during the 3rd quarter. Franklin Resources Inc. now owns 30,050,865 shares of the company’s stock valued at $471,861,000 after acquiring an additional 2,936,278 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Mattel during the 3rd quarter valued at approximately $33,563,000. Vanguard Group Inc lifted its position in Mattel by 1.6% in the third quarter. Vanguard Group Inc now owns 36,050,367 shares of the company’s stock worth $565,991,000 after buying an additional 568,489 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Mattel by 1.6% in the third quarter. Vanguard Group Inc. now owns 36,050,367 shares of the company’s stock worth $565,991,000 after buying an additional 568,489 shares during the last quarter.

MAT has been the subject of a number of research analyst reports. Citigroup cut their price objective on shares of Mattel from $19.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. Zacks Investment Research raised shares of Mattel from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Wednesday. ValuEngine raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, B. Riley set a $11.00 price objective on shares of Mattel and gave the company a “hold” rating in a report on Friday, December 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $14.54.

NASDAQ MAT opened at $17.07 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 4.26. The company has a market cap of $5.57 billion, a PE ratio of -14.97, a PEG ratio of 114.22 and a beta of 1.38. Mattel has a one year low of $9.09 and a one year high of $17.98.

Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, February 7th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.44 billion. Mattel had a negative return on equity of 43.47% and a negative net margin of 11.77%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.72) EPS. On average, sell-side analysts expect that Mattel will post 0.01 EPS for the current year.

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Mattel Company Profile

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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