Mattel, Inc. (MAT) Short Interest Up 6.9% in October

Mattel, Inc. (NASDAQ:MAT) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 76,796,835 shares, a growth of 6.9% from the October 13th total of 71,863,247 shares. Approximately 22.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,665,936 shares, the days-to-cover ratio is presently 3.7 days.

A number of hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC increased its holdings in shares of Mattel by 19,570.6% during the second quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock valued at $207,066,000 after acquiring an additional 9,568,634 shares in the last quarter. Parnassus Investments CA increased its holdings in shares of Mattel by 92.5% during the third quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock valued at $248,676,000 after acquiring an additional 7,719,364 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Mattel by 91.6% during the second quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock valued at $214,398,000 after acquiring an additional 4,759,608 shares in the last quarter. Eaton Vance Management increased its holdings in shares of Mattel by 581.7% during the second quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock valued at $57,758,000 after acquiring an additional 2,289,165 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Mattel by 20.6% during the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock valued at $204,357,000 after acquiring an additional 2,253,399 shares in the last quarter. Institutional investors and hedge funds own 95.89% of the company’s stock.

MAT has been the topic of several research analyst reports. UBS AG reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Mattel in a research note on Saturday, September 16th. Monness Crespi & Hardt raised their price objective on Mattel from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. TheStreet lowered Mattel from a “c” rating to a “d” rating in a research note on Thursday, October 26th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Mattel in a research note on Thursday, September 7th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Mattel in a research note on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.46.

Mattel (MAT) opened at $18.32 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $6,063.39, a P/E ratio of 117.60, a P/E/G ratio of 45.36 and a beta of 0.88. Mattel has a 12 month low of $12.71 and a 12 month high of $32.48.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data 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 company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. Mattel’s revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share. analysts predict that Mattel will post 0.04 EPS for the current year.

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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.

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