Investors Purchase High Volume of Call Options on Mattel (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) was the target of unusually large options trading on Friday. Stock traders acquired 16,939 call options on the stock. This represents an increase of approximately 719% compared to the typical volume of 2,067 call options.

Analyst Upgrades and Downgrades

MAT has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings downgraded Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. The Goldman Sachs Group downgraded shares of 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 research note on Thursday, July 9th. Roth Capital cut their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Finally, Odeon Capital Group began coverage on Mattel in a research note on Thursday, July 16th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Mattel presently has a consensus rating of “Hold” and a consensus target price of $17.33.

Hedge Funds Weigh In On Mattel

A number of large investors have recently bought and sold shares of MAT. Public Employees Retirement System of Ohio lifted its stake in shares of Mattel by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company’s stock valued at $1,688,000 after purchasing an additional 623 shares during the period. Sei Investments Co. boosted its position in shares of Mattel by 1.7% in the 2nd quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock worth $902,000 after buying an additional 758 shares in the last quarter. Quinn Opportunity Partners LLC increased its stake in shares of Mattel by 4.5% during the 4th quarter. Quinn Opportunity Partners LLC now owns 18,070 shares of the company’s stock worth $359,000 after purchasing an additional 774 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Mattel by 3.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 27,559 shares of the company’s stock valued at $547,000 after acquiring an additional 920 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in Mattel by 6.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,397 shares of the company’s stock worth $276,000 after purchasing an additional 1,025 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Price Performance

Shares of NASDAQ:MAT traded up $0.15 during trading on Friday, reaching $15.03. The stock had a trading volume of 3,265,267 shares, compared to its average volume of 4,171,440. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.26 and a current ratio of 1.90. The business has a fifty day moving average price of $14.23 and a 200-day moving average price of $15.41. Mattel has a 1-year low of $12.73 and a 1-year high of $22.48. The stock has a market cap of $4.29 billion, a PE ratio of 11.05, a PEG ratio of 1.44 and a beta of 0.72.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Mattel had a return on equity of 16.20% and a net margin of 7.79%.The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business earned $0.19 EPS. The firm’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, equities analysts forecast that Mattel will post 1.32 earnings per share for the current fiscal year.

About Mattel

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.