Mattel Sees Unusually High Options Volume (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MATGet Rating) was the recipient of some unusual options trading activity on Thursday. Stock traders purchased 56,480 put options on the company. This represents an increase of 1,548% compared to the typical daily volume of 3,427 put options.

Institutional Trading of Mattel

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers increased its stake in shares of Mattel by 0.8% in the first quarter. Rhumbline Advisers now owns 901,190 shares of the company’s stock worth $20,015,000 after acquiring an additional 7,350 shares during the period. Envestnet Asset Management Inc. acquired a new stake in Mattel during the fourth quarter valued at $370,000. Miracle Mile Advisors LLC acquired a new stake in Mattel during the first quarter valued at $676,000. Quantitative Investment Management LLC grew its position in Mattel by 8.6% during the first quarter. Quantitative Investment Management LLC now owns 10,681 shares of the company’s stock valued at $237,000 after buying an additional 846 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Mattel by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 128,396 shares of the company’s stock valued at $2,852,000 after buying an additional 12,242 shares during the period. Institutional investors and hedge funds own 98.59% of the company’s stock.

Mattel Trading Down 4.5 %

NASDAQ MAT opened at $22.08 on Friday. The company has a fifty day simple moving average of $22.84 and a two-hundred day simple moving average of $23.26. The stock has a market cap of $7.80 billion, a P/E ratio of 6.99, a P/E/G ratio of 0.89 and a beta of 1.22. Mattel has a 12-month low of $17.94 and a 12-month high of $26.99. The company has a current ratio of 1.82, a quick ratio of 1.03 and a debt-to-equity ratio of 1.34.

Mattel (NASDAQ:MATGet Rating) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.13. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. Mattel had a net margin of 19.31% and a return on equity of 37.28%. During the same quarter in the prior year, the business earned $0.03 earnings per share. On average, analysts forecast that Mattel will post 1.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MAT shares. Jefferies Financial Group decreased their target price on shares of Mattel from $27.00 to $24.00 in a research report on Friday, July 15th. The Goldman Sachs Group raised shares of Mattel from a “neutral” rating to a “buy” rating and increased their target price for the company from $30.00 to $31.00 in a research report on Sunday, July 10th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research report on Tuesday, July 12th. Bank of America assumed coverage on shares of Mattel in a research report on Thursday, August 18th. They set a “buy” rating for the company. Finally, MKM Partners decreased their price target on shares of Mattel from $34.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 7th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $32.57.

Mattel Company Profile

(Get Rating)

Mattel, Inc, a children's 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, Polly Pocket, Spirit, and Enchantimals 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, Power wheels, and Fireman Sam brands.

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