Mattel, Inc. (MAT) Sees Significant Growth in Short Interest
Mattel, Inc. (NASDAQ:MAT) saw a large increase in short interest in the month of September. As of September 29th, there was short interest totalling 63,072,066 shares, an increase of 31.8% from the September 15th total of 47,859,480 shares. Based on an average daily trading volume, of 10,510,004 shares, the short-interest ratio is currently 6.0 days. Approximately 18.5% of the shares of the company are short sold.
Mattel (MAT) opened at 15.66 on Thursday. The company has a market capitalization of $5.37 billion, a P/E ratio of 22.47 and a beta of 0.86. Mattel has a one year low of $14.35 and a one year high of $33.23. The firm has a 50-day moving average of $15.61 and a 200 day moving average of $20.15.
Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.05). The firm had revenue of $974.50 million during the quarter, compared to the consensus estimate of $972.36 million. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.02) earnings per share. On average, equities analysts forecast that Mattel will post $0.76 EPS for the current fiscal year.
Several research analysts recently commented on the stock. UBS AG reaffirmed a “buy” rating and issued a $26.00 price objective (down from $29.00) on shares of Mattel in a report on Wednesday, June 21st. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $17.00 price objective (down from $22.00) on shares of Mattel in a report on Tuesday. Stifel Nicolaus reaffirmed a “hold” rating on shares of Mattel in a report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Mattel in a report on Monday, June 19th. Finally, DA Davidson downgraded shares of Mattel from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $30.00 to $24.00 in a report on Thursday, June 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Mattel currently has an average rating of “Hold” and an average target price of $23.57.
In other Mattel news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average cost of $19.61 per share, with a total value of $248,262.60. Following the acquisition, the chief executive officer now owns 116,788 shares in the company, valued at $2,290,212.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the business. UBS Asset Management Americas Inc. boosted its position in shares of Mattel by 10.1% during the first quarter. UBS Asset Management Americas Inc. now owns 991,571 shares of the company’s stock worth $25,394,000 after acquiring an additional 90,656 shares during the last quarter. Oxford Asset Management bought a new position in shares of Mattel during the first quarter worth $227,000. Principal Financial Group Inc. boosted its position in shares of Mattel by 5.8% during the first quarter. Principal Financial Group Inc. now owns 527,888 shares of the company’s stock worth $13,519,000 after acquiring an additional 28,993 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd boosted its position in shares of Mattel by 205.1% during the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 54,300 shares of the company’s stock worth $1,391,000 after acquiring an additional 36,500 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Mattel by 5.0% during the first quarter. Legal & General Group Plc now owns 1,819,832 shares of the company’s stock worth $46,606,000 after acquiring an additional 85,955 shares during the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.
Mattel Company Profile
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.
Receive News & Ratings for Mattel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel Inc. and related companies with MarketBeat.com's FREE daily email newsletter.