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

Mattel, Inc. (NASDAQ:MAT) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 9,000,000 shares, a growth of 18.7% from the August 15th total of 7,580,000 shares. Based on an average daily volume of 3,380,000 shares, the short-interest ratio is presently 2.7 days. Currently, 2.6% of the shares of the stock are sold short.

Insider Buying and Selling

In other news, Director Richard Todd Bradley sold 12,601 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $21.37, for a total transaction of $269,283.37. Following the completion of the sale, the director now owns 12,729 shares of the company’s stock, valued at $272,018.73. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Mattel news, Director Richard Todd Bradley sold 12,601 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $21.37, for a total value of $269,283.37. Following the transaction, the director now directly owns 12,729 shares of the company’s stock, valued at $272,018.73. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Yoon J. Hugh sold 38,677 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $21.40, for a total transaction of $827,687.80. Following the completion of the transaction, the senior vice president now directly owns 39,964 shares in the company, valued at $855,229.60. The disclosure for this sale can be found here. Insiders sold 169,770 shares of company stock valued at $3,592,788 over the last quarter. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Mattel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAT. Kinneret Advisory LLC increased its stake in shares of Mattel by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 23,608 shares of the company’s stock worth $524,000 after purchasing an additional 528 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in shares of Mattel by 30.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 2,425 shares of the company’s stock worth $47,000 after buying an additional 559 shares during the period. Keybank National Association OH boosted its holdings in shares of Mattel by 1.6% during the 2nd quarter. Keybank National Association OH now owns 35,565 shares of the company’s stock worth $695,000 after buying an additional 575 shares during the period. Raymond James & Associates boosted its holdings in shares of Mattel by 5.3% during the 1st quarter. Raymond James & Associates now owns 12,092 shares of the company’s stock worth $269,000 after buying an additional 604 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Mattel by 5.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,338 shares of the company’s stock worth $246,000 after buying an additional 662 shares during the period. 93.51% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Up 1.7 %

Shares of NASDAQ:MAT traded up $0.36 during midday trading on Monday, reaching $21.43. 4,342,464 shares of the company were exchanged, compared to its average volume of 3,029,043. Mattel has a fifty-two week low of $15.36 and a fifty-two week high of $22.64. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 1.19. The stock has a fifty day simple moving average of $21.43 and a two-hundred day simple moving average of $19.15. The firm has a market cap of $7.59 billion, a PE ratio of 34.71, a P/E/G ratio of 1.89 and a beta of 1.20.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.14. Mattel had a net margin of 4.48% and a return on equity of 15.57%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1 billion. During the same period last year, the business posted $0.18 earnings per share. The firm’s quarterly revenue was down 12.1% on a year-over-year basis. As a group, sell-side analysts forecast that Mattel will post 1.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MAT shares. JPMorgan Chase & Co. raised their price objective on shares of Mattel from $24.00 to $25.00 in a research note on Thursday, July 27th. TheStreet raised shares of Mattel from a “c+” rating to a “b” rating in a research report on Wednesday, July 26th. The Goldman Sachs Group lifted their price target on shares of Mattel from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Finally, StockNews.com began coverage on shares of Mattel in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mattel currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.11.

About Mattel

Mattel, Inc, a children's and family entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Disney Princess and Frozen, and Polly Pocket brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, and Power wheels brands.