Mattel Target of Unusually High Options Trading (MAT)

Mattel, Inc. (NASDAQ:MAT) was the target of unusually large options trading activity on Thursday. Stock investors acquired 16,773 call options on the stock. This represents an increase of approximately 1,276% compared to the typical daily volume of 1,219 call options.

Shares of Mattel (NASDAQ MAT) opened at $16.14 on Friday. The company has a market cap of $5,235.00, a price-to-earnings ratio of -9.28, a PEG ratio of 4.12 and a beta of 1.01. Mattel has a 52-week low of $12.71 and a 52-week high of $31.60. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. analysts anticipate that Mattel will post -0.16 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in MAT. AXA bought a new stake in Mattel in the 2nd quarter valued at $304,000. Riverhead Capital Management LLC increased its holdings in Mattel by 21.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 21,824 shares of the company’s stock valued at $470,000 after acquiring an additional 3,901 shares during the last quarter. Nationwide Fund Advisors increased its holdings in Mattel by 30.6% in the 2nd quarter. Nationwide Fund Advisors now owns 323,272 shares of the company’s stock valued at $6,960,000 after acquiring an additional 75,692 shares during the last quarter. Amalgamated Bank increased its holdings in Mattel by 52.3% in the 2nd quarter. Amalgamated Bank now owns 39,342 shares of the company’s stock valued at $847,000 after acquiring an additional 13,513 shares during the last quarter. Finally, Profund Advisors LLC increased its holdings in Mattel by 8.2% in the 2nd quarter. Profund Advisors LLC now owns 28,040 shares of the company’s stock valued at $604,000 after acquiring an additional 2,124 shares during the last quarter.

Several brokerages have recently weighed in on MAT. BidaskClub upgraded shares of Mattel from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 15th. Jefferies Group set a $17.00 price target on shares of Mattel and gave the stock a “hold” rating in a research note on Saturday, December 2nd. Zacks Investment Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Stifel Nicolaus decreased their price objective on shares of Mattel from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Thursday, October 12th. Finally, SunTrust Banks restated a “hold” rating and set a $17.00 price objective (down from $22.00) on shares of Mattel in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $20.25.

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Mattel Company Profile

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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