Mattel Sees Unusually High Options Volume (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) was the target of some unusual options trading activity on Wednesday. Stock traders bought 20,308 put options on the stock. This is an increase of 1,604% compared to the average volume of 1,192 put options.

Wall Street Analysts Forecast Growth

MAT has been the subject of several research analyst reports. Citigroup dropped their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Roth Capital decreased their price objective on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday. The Goldman Sachs Group cut Mattel from a “neutral” rating to a “sell” rating and lowered their target price for the company from $15.00 to $12.00 in a research note on Thursday, July 9th. Wells Fargo & Company dropped their target price on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.33.

Mattel Trading Up 5.7%

MAT opened at $14.65 on Friday. The firm has a 50 day simple moving average of $14.29 and a 200 day simple moving average of $16.28. Mattel has a fifty-two week low of $12.73 and a fifty-two week high of $22.48. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 1.22 and a beta of 0.74. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. The firm had revenue of $862.17 million for the quarter, compared to analysts’ expectations of $808.38 million. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm earned ($0.03) earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, sell-side analysts anticipate that Mattel will post 1.35 earnings per share for the current year.

Institutional Investors Weigh In On Mattel

Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its stake in shares of Mattel by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company’s stock valued at $1,688,000 after acquiring an additional 623 shares during the last quarter. GAMMA Investing LLC boosted its stake in Mattel by 8.0% during the 4th quarter. GAMMA Investing LLC now owns 9,344 shares of the company’s stock worth $185,000 after acquiring an additional 693 shares during the last quarter. Sei Investments Co. boosted its stake in Mattel by 1.7% during the 2nd quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock worth $902,000 after acquiring an additional 758 shares during the last quarter. Quinn Opportunity Partners LLC grew its holdings in Mattel by 4.5% during the fourth quarter. Quinn Opportunity Partners LLC now owns 18,070 shares of the company’s stock valued at $359,000 after purchasing an additional 774 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in Mattel by 3.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 27,559 shares of the company’s stock valued at $547,000 after purchasing an additional 920 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Company Profile

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.