Mattel Sees Unusually High Options Volume (NASDAQ:MAT)

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Mattel, Inc. (NASDAQ:MAT) saw unusually large options trading on Wednesday. Stock investors purchased 12,623 put options on the company. This represents an increase of approximately 2,216% compared to the average daily volume of 545 put options.

Large investors have recently bought and sold shares of the company. ELM Advisors LLC acquired a new stake in shares of Mattel during the 3rd quarter valued at about $131,000. Rampart Investment Management Company LLC lifted its stake in Mattel by 118.9% in the 1st quarter. Rampart Investment Management Company LLC now owns 10,127 shares of the company’s stock valued at $133,000 after buying an additional 5,500 shares in the last quarter. Alps Advisors Inc. purchased a new position in Mattel in the 2nd quarter valued at about $182,000. Cubist Systematic Strategies LLC lifted its stake in Mattel by 13,860.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 14,100 shares of the company’s stock valued at $185,000 after buying an additional 13,999 shares in the last quarter. Finally, Redwood Investment Management LLC purchased a new position in Mattel in the 1st quarter valued at about $190,000.

Several equities research analysts have weighed in on MAT shares. Consumer Edge started coverage on Mattel in a research report on Monday, August 13th. They set an “equal weight” rating on the stock. DA Davidson raised Mattel from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $12.00 to $14.00 in a research report on Friday, July 27th. MKM Partners cut their price target on Mattel to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, July 26th. Stifel Nicolaus increased their price target on Mattel from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Tuesday, July 10th. Finally, BidaskClub raised Mattel from a “hold” rating to a “buy” rating in a research report on Saturday, July 7th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $15.89.

Shares of NASDAQ:MAT traded up $0.34 during trading on Friday, reaching $14.33. 7,001,778 shares of the company’s stock traded hands, compared to its average volume of 4,776,382. Mattel has a fifty-two week low of $12.21 and a fifty-two week high of $19.21. The company has a quick ratio of 1.22, a current ratio of 1.87 and a debt-to-equity ratio of 4.29. The stock has a market capitalization of $5.40 billion, a PE ratio of -13.27 and a beta of 1.06.

Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, July 25th. The company reported ($0.56) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.24). Mattel had a negative net margin of 30.43% and a negative return on equity of 56.60%. The business had revenue of $840.70 million for the quarter, compared to analyst estimates of $862.48 million. During the same quarter last year, the business earned ($0.14) earnings per share. Mattel’s revenue was down 13.7% on a year-over-year basis. Sell-side analysts expect that Mattel will post -0.95 earnings per share for the current fiscal year.

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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