Mattel Sees Unusually Large Options Volume (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT - Get Free Report) saw unusually large options trading on Wednesday. Traders bought 6,033 put options on the company. This represents an increase of 220% compared to the average volume of 1,886 put options.

Wall Street Analyst Weigh In

MAT has been the subject of several analyst reports. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Morgan Stanley raised their price target on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday. DA Davidson raised shares of Mattel to a "strong-buy" rating in a research note on Monday, April 14th. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and boosted their target price for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, Citigroup increased their price target on shares of Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $24.67.

Mattel Stock Up 2.4 %

MAT stock traded up $0.41 during trading on Wednesday, reaching $17.06. The stock had a trading volume of 990,503 shares, compared to its average volume of 3,629,733. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The firm has a fifty day moving average price of $17.73 and a 200 day moving average price of $18.67. The company has a market capitalization of $5.51 billion, a P/E ratio of 10.66, a PEG ratio of 2.35 and a beta of 0.61. Mattel has a 1-year low of $13.95 and a 1-year high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.08. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The business had revenue of $826.60 million during the quarter, compared to analyst estimates of $791.49 million. During the same period in the previous year, the business posted ($0.05) EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that Mattel will post 1.7 earnings per share for the current year.

Institutional Trading of Mattel

A number of institutional investors and hedge funds have recently modified their holdings of the company. EdgePoint Investment Group Inc. increased its stake in shares of Mattel by 14.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company's stock worth $818,681,000 after purchasing an additional 5,984,400 shares during the period. Norges Bank bought a new position in shares of Mattel during the 4th quarter worth about $54,929,000. Hennessy Advisors Inc. acquired a new stake in Mattel during the fourth quarter valued at approximately $53,238,000. Invesco Ltd. increased its position in shares of Mattel by 468.3% during the 4th quarter. Invesco Ltd. now owns 3,394,958 shares of the company's stock worth $60,193,000 after purchasing an additional 2,797,559 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in shares of Mattel in the fourth quarter valued at about $39,066,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.

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