Mattel, Inc. (MAT) Short Interest Update
Mattel, Inc. (NASDAQ:MAT) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 60,488,844 shares, a growth of 9.7% from the January 12th total of 55,145,315 shares. Approximately 17.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,164,597 shares, the short-interest ratio is presently 8.4 days.
Several equities research analysts recently commented on MAT shares. Citigroup boosted their price objective on shares of Mattel from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Jefferies Group set a $17.00 price objective on shares of Mattel and gave the stock a “hold” rating in a research report on Saturday, December 2nd. UBS Group set a $22.00 price objective on shares of Mattel and gave the stock a “buy” rating in a research report on Friday, October 27th. Monness Crespi & Hardt lowered shares of Mattel from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 12th. Finally, TheStreet lowered shares of Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.00.
Mattel (MAT) opened at $16.36 on Wednesday. The stock has a market cap of $5,620.00, a PE ratio of -5.35, a price-to-earnings-growth ratio of 14.42 and a beta of 1.00. The company has a quick ratio of 1.55, a current ratio of 1.92 and a debt-to-equity ratio of 2.28. Mattel has a 1-year low of $12.71 and a 1-year high of $26.30.
Large investors have recently added to or reduced their stakes in the business. Calton & Associates Inc. purchased a new position in Mattel in the 4th quarter valued at about $112,000. Zeke Capital Advisors LLC acquired a new position in shares of Mattel during the 3rd quarter valued at about $163,000. Hartland & Co. LLC acquired a new position in shares of Mattel during the 3rd quarter valued at about $165,000. Virtu Financial LLC acquired a new position in shares of Mattel during the 4th quarter valued at about $187,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Mattel during the 4th quarter valued at about $206,000. Institutional investors own 93.86% of the company’s stock.
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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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