Mattel, Inc. (NASDAQ:MAT) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 59,381,192 shares, a decline of 11.6% from the January 15th total of 67,168,879 shares. Approximately 17.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,544,526 shares, the short-interest ratio is currently 16.8 days.
A number of equities analysts recently commented on the stock. MKM Partners lifted their price target on shares of Mattel to $15.00 and gave the stock a “neutral” rating in a research note on Monday. Cfra cut shares of Mattel to a “sell” rating and set a $13.00 price target for the company. in a research note on Friday. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. UBS Group set a $15.00 price target on shares of Mattel and gave the stock a “hold” rating in a research note on Thursday, November 1st. Finally, Wells Fargo & Co dropped their price target on shares of Mattel from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, December 4th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Mattel has a consensus rating of “Hold” and an average target price of $14.25.
A number of institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its position in shares of Mattel by 6.5% in the 4th quarter. Advisor Group Inc. now owns 10,461 shares of the company’s stock worth $103,000 after purchasing an additional 640 shares during the period. Delta Asset Management LLC TN lifted its position in shares of Mattel by 19.2% in the 4th quarter. Delta Asset Management LLC TN now owns 7,100 shares of the company’s stock worth $71,000 after purchasing an additional 1,145 shares during the period. Comerica Bank lifted its position in shares of Mattel by 1.9% in the 4th quarter. Comerica Bank now owns 77,154 shares of the company’s stock worth $946,000 after purchasing an additional 1,469 shares during the period. Chartwell Investment Partners LLC lifted its position in shares of Mattel by 0.6% in the 4th quarter. Chartwell Investment Partners LLC now owns 279,649 shares of the company’s stock worth $2,794,000 after purchasing an additional 1,585 shares during the period. Finally, Nissay Asset Management Corp Japan ADV lifted its position in shares of Mattel by 5.7% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 30,555 shares of the company’s stock worth $305,000 after purchasing an additional 1,642 shares during the period.
Mattel stock opened at $15.74 on Tuesday. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of -13.81, a P/E/G ratio of 114.22 and a beta of 1.38. The company has a debt-to-equity ratio of 4.26, a current ratio of 1.88 and a quick ratio of 1.44. Mattel has a 1 year low of $9.09 and a 1 year high of $18.02.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, February 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.15. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Mattel had a negative net margin of 11.77% and a negative return on equity of 43.47%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.72) EPS. As a group, research analysts expect that Mattel will post 0.01 earnings per share for the current fiscal year.
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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