Mattel Target of Unusually High Options Trading (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) was the target of unusually large options trading activity on Friday. Stock traders purchased 16,939 call options on the company. This represents an increase of 719% compared to the average daily volume of 2,067 call options.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup decreased their target price on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. JPMorgan Chase & Co. dropped their price target on Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Weiss Ratings cut Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group cut Mattel from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $15.00 to $12.00 in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Mattel has an average rating of “Hold” and a consensus target price of $17.33.

Mattel Trading Up 1.0%

Shares of MAT traded up $0.15 during trading hours on Friday, hitting $15.03. 3,265,267 shares of the stock were exchanged, compared to its average volume of 4,171,440. Mattel has a fifty-two week low of $12.73 and a fifty-two week high of $22.48. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26. The business has a 50-day moving average of $14.23 and a 200-day moving average of $15.41. The firm has a market capitalization of $4.29 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 1.45 and a beta of 0.72.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mattel had a net margin of 7.79% and a return on equity of 16.20%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm earned $0.19 EPS. Mattel’s quarterly revenue was up 10.5% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, research analysts expect that Mattel will post 1.32 EPS for the current year.

Institutional Trading of Mattel

Several hedge funds have recently modified their holdings of the stock. SJS Investment Consulting Inc. boosted its stake in Mattel by 2,959.6% during the first quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock worth $25,000 after acquiring an additional 1,687 shares in the last quarter. Quarry LP acquired a new stake in shares of Mattel in the 3rd quarter valued at about $28,000. Los Angeles Capital Management LLC acquired a new stake in shares of Mattel in the 4th quarter valued at about $31,000. Atlas Capital Advisors Inc. bought a new stake in Mattel in the 4th quarter valued at about $36,000. Finally, Global Retirement Partners LLC acquired a new position in Mattel during the 2nd quarter worth approximately $38,000. Institutional investors own 97.15% of the company’s stock.

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.