Mattel, Inc. (NASDAQ:MAT) Sees Significant Decrease in Short Interest

Mattel, Inc. (NASDAQ:MAT - Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 12,520,000 shares, a decline of 17.0% from the March 15th total of 15,080,000 shares. Based on an average daily trading volume, of 4,200,000 shares, the short-interest ratio is currently 3.0 days. Currently, 3.9% of the company's shares are sold short.

Wall Street Analyst Weigh In

MAT has been the subject of several research analyst reports. Morgan Stanley raised their price objective on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and upped their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, DA Davidson raised shares of Mattel to a "strong-buy" rating in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $26.40.

Mattel Stock Performance

MAT traded down $0.06 during trading on Friday, hitting $15.72. The stock had a trading volume of 723,772 shares, compared to its average volume of 3,568,438. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. Mattel has a twelve month low of $13.95 and a twelve month high of $22.07. The firm has a market capitalization of $5.07 billion, a P/E ratio of 9.82, a PEG ratio of 2.35 and a beta of 0.51. The company's 50-day moving average price is $18.60 and its 200 day moving average price is $18.83.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period in the prior year, the company earned $0.29 earnings per share. On average, equities research analysts forecast that Mattel will post 1.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Mattel

A number of large investors have recently made changes to their positions in the business. Trust Co. of Vermont boosted its holdings in shares of Mattel by 995.8% during the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock worth $26,000 after buying an additional 1,195 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in Mattel in the first quarter worth $475,000. Blue Trust Inc. boosted its holdings in Mattel by 94.6% in the first quarter. Blue Trust Inc. now owns 4,859 shares of the company's stock valued at $94,000 after acquiring an additional 2,362 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Mattel during the 1st quarter valued at $375,000. Finally, State of Alaska Department of Revenue increased its stake in shares of Mattel by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 39,479 shares of the company's stock valued at $767,000 after acquiring an additional 1,070 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

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.