Mattel Sees Unusually High Options Volume (MAT)

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Mattel, Inc. (NASDAQ:MAT) was the target of unusually large options trading on Tuesday. Traders acquired 16,861 put options on the stock. This represents an increase of 914% compared to the average daily volume of 1,663 put options.

Several research firms have weighed in on MAT. ValuEngine upgraded Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded Mattel from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday. BidaskClub upgraded Mattel from a “sell” rating to a “hold” rating in a research note on Wednesday. MKM Partners upped their price target on Mattel to $15.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Cfra downgraded Mattel to a “sell” rating and set a $13.00 price target for the company. in a research note on Friday, February 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $14.54.

In other Mattel news, EVP Michael J. Eilola sold 10,904 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $15.72, for a total value of $171,410.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Mattel by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 4,880,401 shares of the company’s stock valued at $48,678,000 after acquiring an additional 277,605 shares during the last quarter. Kinneret Advisory LLC purchased a new stake in Mattel during the 4th quarter valued at $106,000. Neuburgh Advisers LLC raised its holdings in Mattel by 52.4% during the 4th quarter. Neuburgh Advisers LLC now owns 55,872 shares of the company’s stock valued at $558,000 after buying an additional 19,216 shares during the period. Prudential PLC raised its holdings in Mattel by 1.3% during the 4th quarter. Prudential PLC now owns 268,181 shares of the company’s stock valued at $2,679,000 after buying an additional 3,357 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Mattel by 10.0% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 116,716 shares of the company’s stock valued at $1,166,000 after buying an additional 10,568 shares during the period.

NASDAQ MAT opened at $17.07 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 4.26. The company has a market cap of $5.57 billion, a PE ratio of -14.97, a PEG ratio of 114.22 and a beta of 1.38. Mattel has a one year low of $9.09 and a one year high of $17.98.

Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, February 7th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.44 billion. Mattel had a negative return on equity of 43.47% and a negative net margin of 11.77%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.72) EPS. On average, sell-side analysts expect that Mattel will post 0.01 EPS for the current year.

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Mattel Company Profile

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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