Investors Buy Large Volume of Mattel Call Options (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT - Get Free Report) saw unusually large options trading activity on Monday. Stock investors bought 8,489 call options on the stock. This represents an increase of 403% compared to the typical daily volume of 1,687 call options.

Institutional Investors Weigh In On Mattel

Several large investors have recently made changes to their positions in MAT. CIBC Asset Management Inc grew its position in shares of Mattel by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 10,962 shares of the company's stock valued at $194,000 after purchasing an additional 601 shares during the last quarter. Clear Harbor Asset Management LLC increased its holdings in shares of Mattel by 5.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company's stock worth $229,000 after buying an additional 675 shares in the last quarter. Xponance Inc. raised its position in Mattel by 1.6% in the fourth quarter. Xponance Inc. now owns 46,262 shares of the company's stock valued at $820,000 after purchasing an additional 739 shares during the last quarter. GAMMA Investing LLC boosted its position in Mattel by 26.6% during the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock worth $63,000 after buying an additional 744 shares during the period. Finally, Yousif Capital Management LLC grew its stake in shares of Mattel by 0.7% in the first quarter. Yousif Capital Management LLC now owns 119,902 shares of the company's stock worth $2,330,000 after purchasing an additional 884 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Price Performance

MAT traded up $0.06 during trading on Friday, hitting $17.33. The company's stock had a trading volume of 202,414 shares, compared to its average volume of 3,664,631. Mattel has a 12 month low of $13.95 and a 12 month high of $22.07. The firm's 50 day moving average price is $17.57 and its two-hundred day moving average price is $18.65. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on MAT. The Goldman Sachs Group cut their price target on Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Citigroup raised their price target on Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday. DA Davidson raised Mattel to a "strong-buy" rating in a research note on Monday, April 14th. Finally, Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and upped their target price for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $24.14.

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.