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

Mattel, Inc. (NASDAQ:MAT) was the recipient of a large increase in short interest during the month of 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. Approximately 4.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,460,000 shares, the short-interest ratio is currently 4.7 days.

Mattel Price Performance

Mattel stock opened at $20.03 on Friday. The stock has a market cap of $6.67 billion, a price-to-earnings 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 1 year low of $15.87 and a 1 year high of $22.07. The firm has a 50-day moving average of $20.03 and a two-hundred day moving average of $19.25.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (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 previous year, the business posted $0.29 earnings per share. On average, research analysts forecast that Mattel will post 1.7 earnings per share for the current year.

Institutional Investors Weigh In On Mattel

Several large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Mattel in the 4th quarter valued at about $459,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Mattel in the 4th quarter valued at about $3,966,000. Mackenzie Financial Corp bought a new stake in shares of Mattel in the 4th quarter valued at about $313,000. Alpine Global Management LLC bought a new position in shares of Mattel during the 4th quarter worth approximately $215,000. Finally, Vident Advisory LLC bought a new position in shares of Mattel during the 4th quarter worth approximately $618,000. Institutional investors own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. DA Davidson lifted their price target 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. Finally, Morgan Stanley lifted their price target on shares of Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $25.57.

Mattel Company Profile

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.