Mattel, Inc. (NASDAQ:MAT) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 75,676,719 shares, a decrease of 1.5% from the October 31st total of 76,796,835 shares. Currently, 22.1% of the company’s stock are short sold. Based on an average daily volume of 17,276,900 shares, the days-to-cover ratio is presently 4.4 days.

Shares of Mattel (NASDAQ MAT) opened at $17.26 on Friday. Mattel has a 12 month low of $12.71 and a 12 month high of $31.60. The company has a market capitalization of $5,610.00, a price-to-earnings ratio of 121.67, a PEG ratio of 46.93 and a beta of 0.88. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.

Mattel (NASDAQ:MAT) last released its earnings results on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.49). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the company posted $0.70 earnings per share. The company’s revenue was down 13.1% on a year-over-year basis. equities research analysts anticipate that Mattel will post 0.04 EPS for the current year.

A number of equities analysts have issued reports on MAT shares. DA Davidson reiterated an “underperform” rating and issued a $14.00 price objective (down previously from $18.00) on shares of Mattel in a report on Tuesday, September 12th. KeyCorp reiterated a “sector weight” rating on shares of Mattel in a report on Thursday, August 31st. BidaskClub upgraded Mattel from a “strong sell” rating to a “sell” rating in a report on Thursday, September 14th. UBS set a $22.00 price objective on Mattel and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Jefferies Group set a $13.00 price objective on Mattel and gave the stock a “hold” rating in a report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $21.46.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sentry Investment Management LLC boosted its position in shares of Mattel by 0.3% during the second quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock valued at $555,000 after buying an additional 67 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Mattel by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock valued at $456,000 after buying an additional 200 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Mattel by 1.3% during the second quarter. Private Advisor Group LLC now owns 16,306 shares of the company’s stock valued at $341,000 after buying an additional 204 shares during the last quarter. Simmons Bank boosted its position in shares of Mattel by 0.6% during the second quarter. Simmons Bank now owns 55,546 shares of the company’s stock valued at $1,196,000 after buying an additional 339 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in shares of Mattel by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock valued at $281,000 after buying an additional 410 shares during the last quarter. 93.85% of the stock is currently owned by hedge funds and other institutional investors.

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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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