Mattel Sees Unusually Large Options Volume (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MATGet Free Report) was the recipient of some unusual options trading activity on Friday. Traders bought 16,939 call options on the stock. This represents an increase of approximately 719% compared to the typical daily volume of 2,067 call options.

Mattel Stock Up 1.4%

NASDAQ MAT traded up $0.20 during mid-day trading on Friday, reaching $15.09. 1,007,172 shares of the company’s stock traded hands, compared to its average volume of 4,835,221. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. Mattel has a 1-year low of $12.73 and a 1-year high of $22.48. The company has a fifty day simple moving average of $14.22 and a 200-day simple moving average of $15.41. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 1.41 and a beta of 0.72.

Mattel (NASDAQ:MATGet Free Report) last announced its 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 net margin of 7.79% and a return on equity of 16.20%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company earned $0.19 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, equities research analysts expect that Mattel will post 1.32 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Mattel in the 2nd quarter worth about $363,273,000. EdgePoint Investment Group Inc. lifted its position in shares of Mattel by 6.0% during the fourth quarter. EdgePoint Investment Group Inc. now owns 47,341,242 shares of the company’s stock worth $939,250,000 after purchasing an additional 2,678,482 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Mattel by 274.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 3,445,360 shares of the company’s stock worth $68,356,000 after purchasing an additional 2,524,123 shares during the last quarter. Norges Bank acquired a new position in Mattel in the fourth quarter worth about $49,182,000. Finally, Serenity Capital Management PTE. LTD. acquired a new position in Mattel in the fourth quarter worth about $47,331,000. 97.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MAT has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Odeon Capital Group initiated coverage on shares of Mattel in a research report on Thursday, July 16th. They issued a “buy” rating for the company. Weiss Ratings downgraded shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Roth Capital reduced their target price 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, JPMorgan Chase & Co. decreased their price target on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Thursday, April 30th. Two 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 given a Sell rating to the stock. Based on data from MarketBeat, Mattel currently has a consensus rating of “Hold” and an average target price of $17.33.

View Our Latest Stock Analysis on Mattel

Mattel Company Profile

(Get Free Report)

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.

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