Mattel, Inc. (NASDAQ:MAT) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 59,266,703 shares, a decrease of 13.7% from the November 30th total of 68,670,306 shares. Based on an average daily volume of 9,293,006 shares, the short-interest ratio is presently 6.4 days. Currently, 17.3% of the company’s stock are sold short.

Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of Mattel from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Stifel Nicolaus reiterated a “hold” rating and set a $14.00 price objective (down previously from $34.00) on shares of Mattel in a report on Wednesday, December 13th. SunTrust Banks reiterated a “hold” rating and set a $17.00 price objective (down previously from $22.00) on shares of Mattel in a report on Tuesday, October 10th. B. Riley assumed coverage on shares of Mattel in a report on Thursday, December 21st. They set a “neutral” rating and a $15.00 price objective on the stock. Finally, Jefferies Group set a $17.00 price objective on shares of Mattel and gave the company a “hold” rating in a report on Saturday, December 2nd. Thirteen investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $20.25.

Shares of Mattel (NASDAQ MAT) opened at $15.38 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31. The company has a market cap of $5,290.00, a PE ratio of -8.79 and a beta of 1.00. Mattel has a 52-week low of $12.71 and a 52-week high of $31.60.

Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.49). The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The company’s revenue was down 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 earnings per share. research analysts anticipate that Mattel will post -0.16 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Mattel by 2.0% during the second quarter. Vanguard Group Inc. now owns 34,329,879 shares of the company’s stock worth $739,123,000 after acquiring an additional 662,676 shares in the last quarter. Parnassus Investments CA increased its position 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 worth $248,676,000 after acquiring an additional 7,719,364 shares in the last quarter. Bank of New York Mellon Corp grew its position in Mattel by 20.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock worth $204,357,000 after purchasing an additional 2,253,399 shares in the last quarter. Janus Henderson Group PLC grew its position in Mattel by 19,570.6% in the 2nd quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock worth $207,066,000 after purchasing an additional 9,568,634 shares in the last quarter. Finally, Fairpointe Capital LLC grew its position in Mattel by 24.3% in the 2nd quarter. Fairpointe Capital LLC now owns 7,993,469 shares of the company’s stock worth $172,099,000 after purchasing an additional 1,560,624 shares in the last quarter. 93.66% of the stock is owned by institutional investors.

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About Mattel

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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