Investors Purchase High Volume of Call Options on Mattel (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) was the target of some unusual options trading activity on Tuesday. Investors acquired 6,361 call options on the company. This is an increase of approximately 460% compared to the average daily volume of 1,136 call options.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. DA Davidson cut their price target on Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. Zacks Research lowered Mattel from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. UBS Group upped their price target on shares of Mattel from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Seaport Research Partners upgraded shares of Mattel to a “hold” rating in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.86.

Institutional Investors Weigh In On Mattel

Several large investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC lifted its position in Mattel by 537.7% in the third quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock worth $25,000 after buying an additional 1,140 shares during the last quarter. Quarry LP bought a new stake in shares of Mattel in the 3rd quarter worth about $28,000. Traub Capital Management LLC purchased a new position in shares of Mattel during the 2nd quarter worth about $40,000. Farther Finance Advisors LLC raised its position in Mattel by 107.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock worth $40,000 after purchasing an additional 1,048 shares during the period. Finally, IFP Advisors Inc lifted its stake in Mattel by 90.6% in the second quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock worth $44,000 after purchasing an additional 1,053 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

MAT traded up $0.71 during midday trading on Tuesday, reaching $22.25. The company had a trading volume of 2,155,721 shares, compared to its average volume of 2,900,595. Mattel has a 1 year low of $13.94 and a 1 year high of $22.48. The company has a quick ratio of 1.18, a current ratio of 1.60 and a debt-to-equity ratio of 0.77. The company has a market cap of $6.92 billion, a P/E ratio of 16.61, a P/E/G ratio of 2.28 and a beta of 0.70. The business has a 50-day moving average of $20.75 and a two-hundred day moving average of $19.12.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.