Mattel, Inc. (NASDAQ:MAT) Short Interest Update

Mattel, Inc. (NASDAQ:MAT) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 16,130,000 shares, an increase of 17.0% from the February 13th total of 13,790,000 shares. Based on an average trading volume of 3,460,000 shares, the days-to-cover ratio is currently 4.7 days. Approximately 4.9% of the company’s stock are short sold.

Mattel Stock Down 0.5 %

MAT stock opened at $20.03 on Friday. The firm’s fifty day simple moving average is $20.03 and its 200-day simple moving average is $19.25. The company has a market capitalization of $6.67 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. Mattel has a 12 month low of $15.87 and a 12 month high of $22.07.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the prior year, the company posted $0.29 EPS. As a group, equities research analysts forecast that Mattel will post 1.7 earnings per share for the current year.

Institutional Trading of Mattel

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock worth $27,000 after buying an additional 926 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Mattel during the third quarter valued at $34,000. West Oak Capital LLC lifted its holdings in Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after purchasing an additional 1,955 shares in the last quarter. TD Private Client Wealth LLC purchased a new position in Mattel during the fourth quarter valued at $51,000. Finally, Quarry LP lifted its holdings in Mattel by 130.3% during the fourth quarter. Quarry LP now owns 3,148 shares of the company’s stock valued at $56,000 after purchasing an additional 1,781 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. DA Davidson boosted their price objective on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Finally, Morgan Stanley upped their price target on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mattel currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.57.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.