S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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Mattel Target of Unusually Large Options Trading (NASDAQ:MAT)

Wednesday, January 13, 2021 | MarketBeat

Mattel, Inc. (NASDAQ:MAT) saw some unusual options trading on Tuesday. Stock traders purchased 2,132 put options on the stock. This is an increase of 1,052% compared to the typical volume of 185 put options.

Mattel stock opened at $19.15 on Wednesday. The company has a debt-to-equity ratio of 7.05, a current ratio of 1.57 and a quick ratio of 1.17. Mattel has a 1-year low of $6.53 and a 1-year high of $19.23. The firm has a market capitalization of $6.66 billion, a P/E ratio of -1,915.00 and a beta of 1.37. The company's 50-day moving average is $16.94 and its 200 day moving average is $13.15.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.95 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.38 by $0.57. Mattel had a negative net margin of 0.08% and a positive return on equity of 30.41%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company posted $0.26 EPS. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. Research analysts anticipate that Mattel will post 0.37 earnings per share for the current fiscal year.

MAT has been the subject of several research analyst reports. Stifel Nicolaus raised their target price on Mattel from $12.50 to $15.00 and gave the company a "hold" rating in a research report on Monday, October 26th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on Mattel in a research report on Wednesday, December 9th. They set a "neutral" rating and a $17.50 price target on the stock. Jefferies Financial Group cut Mattel from a "buy" rating to a "hold" rating and set a $15.00 price target on the stock. in a research report on Monday, November 9th. TheStreet raised Mattel from a "d" rating to a "c" rating in a research report on Thursday, October 22nd. Finally, MKM Partners upped their price target on Mattel from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Friday, October 23rd. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. The stock has an average rating of "Hold" and a consensus price target of $14.13.

Institutional investors have recently bought and sold shares of the stock. FMR LLC increased its position in shares of Mattel by 2.1% during the second quarter. FMR LLC now owns 8,354,338 shares of the company's stock worth $80,786,000 after acquiring an additional 171,404 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Mattel by 1.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,189,579 shares of the company's stock worth $30,844,000 after acquiring an additional 30,801 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Mattel by 153.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,955,689 shares of the company's stock valued at $34,582,000 after purchasing an additional 1,787,228 shares in the last quarter. Scopus Asset Management L.P. bought a new position in shares of Mattel during the third quarter valued at approximately $17,550,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Mattel by 3.1% during the second quarter. Principal Financial Group Inc. now owns 1,081,500 shares of the company's stock valued at $10,458,000 after purchasing an additional 32,836 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

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, as well as content, gaming, and lifestyle products for children under the Barbie, Enchantimals, and Polly Pocket brands; dolls and books under the American Girl brand name; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, Power wheels, Fireman Sam, and Shimmer and Shine brands.

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