Mattel Target of Unusually Large Options Trading (MAT)

Mattel, Inc. (NASDAQ:MAT) was the recipient of unusually large options trading activity on Thursday. Investors purchased 7,362 put options on the company. This is an increase of 425% compared to the typical volume of 1,401 put options.

Mattel (NASDAQ:MAT) traded down 1.98% during trading on Thursday, reaching $25.22. 2,162,436 shares of the company’s stock traded hands. Mattel has a one year low of $24.60 and a one year high of $34.76. The company has a 50-day moving average price of $25.39 and a 200 day moving average price of $28.51. The firm has a market capitalization of $8.64 billion, a PE ratio of 27.41 and a beta of 0.90.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.71 by $0.19. Mattel had a net margin of 5.83% and a return on equity of 15.52%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The business’s revenue was down 8.3% on a year-over-year basis. On average, analysts anticipate that Mattel will post $1.45 earnings per share for the current fiscal year.

In other news, insider Christopher A. Sinclair acquired 9,610 shares of Mattel stock in a transaction dated Monday, February 13th. The stock was purchased at an average cost of $25.97 per share, with a total value of $249,571.70. Following the completion of the purchase, the insider now directly owns 95,594 shares in the company, valued at approximately $2,482,576.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.88% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Capstone Asset Management Co. boosted its stake in shares of Mattel by 7.0% in the third quarter. Capstone Asset Management Co. now owns 27,371 shares of the company’s stock valued at $829,000 after buying an additional 1,790 shares during the last quarter. National Pension Service raised its position in Mattel by 9.5% in the third quarter. National Pension Service now owns 289,231 shares of the company’s stock valued at $8,758,000 after buying an additional 25,060 shares during the period. Farmers & Merchants Investments Inc. raised its position in Mattel by 18.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 99,981 shares of the company’s stock valued at $3,027,000 after buying an additional 15,863 shares during the period. Bank of Montreal Can raised its position in Mattel by 42.1% in the third quarter. Bank of Montreal Can now owns 774,368 shares of the company’s stock valued at $23,448,000 after buying an additional 229,271 shares during the period. Finally, Parkwood LLC purchased a new position in Mattel during the third quarter valued at $271,000. Institutional investors and hedge funds own 95.98% of the company’s stock.

A number of brokerages recently weighed in on MAT. Zacks Investment Research upgraded shares of Mattel from a “sell” rating to a “hold” rating in a research report on Friday, April 7th. B. Riley restated a “buy” rating and set a $35.00 target price on shares of Mattel in a research report on Sunday, February 26th. Goldman Sachs Group Inc began coverage on shares of Mattel in a research report on Monday, February 13th. They set a “neutral” rating and a $27.00 target price for the company. BMO Capital Markets restated an “outperform” rating and set a $36.00 target price on shares of Mattel in a research report on Saturday, January 28th. Finally, Vetr upgraded shares of Mattel from a “hold” rating to a “strong-buy” rating and set a $30.97 target price for the company in a research report on Monday, January 30th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $32.00.

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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.

5 Day Chart for NASDAQ:MAT

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