Mattel Sees Unusually Large Options Volume (NASDAQ:MAT)

Posted by Grant Hamersma on Dec 3rd, 2019

Mattel Inc (NASDAQ:MAT) was the recipient of some unusual options trading on Monday. Traders bought 15,496 put options on the company. This represents an increase of 1,540% compared to the typical daily volume of 945 put options.

Shares of NASDAQ:MAT opened at $11.46 on Tuesday. The company has a debt-to-equity ratio of 6.30, a current ratio of 1.60 and a quick ratio of 1.14. Mattel has a 1 year low of $9.06 and a 1 year high of $17.26. The firm has a market capitalization of $4.06 billion, a PE ratio of -10.05 and a beta of 1.66. The business’s 50 day moving average price is $11.52 and its 200-day moving average price is $11.32.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.18. Mattel had a negative return on equity of 26.03% and a negative net margin of 4.53%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm posted $0.18 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, analysts expect that Mattel will post -0.45 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in MAT. Oregon Public Employees Retirement Fund grew its holdings in Mattel by 291.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 139,918 shares of the company’s stock valued at $1,568,000 after buying an additional 104,207 shares in the last quarter. Arizona State Retirement System increased its position in Mattel by 278.0% during the second quarter. Arizona State Retirement System now owns 250,702 shares of the company’s stock worth $2,810,000 after purchasing an additional 184,380 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Mattel during the second quarter worth about $49,000. State Treasurer State of Michigan raised its stake in Mattel by 2.7% during the second quarter. State Treasurer State of Michigan now owns 102,261 shares of the company’s stock worth $1,146,000 after purchasing an additional 2,700 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Mattel by 2,468.6% in the 2nd quarter. SG Americas Securities LLC now owns 531,616 shares of the company’s stock valued at $5,959,000 after purchasing an additional 510,919 shares during the last quarter.

A number of analysts have recently commented on the company. UBS Group cut their price objective on Mattel from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Stifel Nicolaus decreased their target price on Mattel from $14.00 to $13.50 and set a “hold” rating on the stock in a research report on Tuesday, October 1st. DZ Bank cut shares of Mattel from a “hold” rating to a “sell” rating and set a $46.00 price target on the stock. in a research note on Tuesday, October 29th. BidaskClub lowered shares of Mattel from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group set a $10.50 price target on shares of Mattel and gave the stock a “hold” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.42.

About Mattel

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, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.

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