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

Mattel, Inc. (NASDAQ:MAT) saw unusually large options trading activity on Monday. Investors purchased 9,239 call options on the stock. This is an increase of approximately 738% compared to the typical daily volume of 1,103 call options.

Insiders Place Their Bets

In other news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the completion of the sale, the executive vice president now directly owns 106,086 shares in the company, valued at $1,997,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Mattel news, insider Steve Totzke sold 23,662 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $18.89, for a total value of $446,975.18. Following the completion of the sale, the insider now directly owns 152,018 shares in the company, valued at approximately $2,871,620.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total transaction of $407,763.65. Following the transaction, the executive vice president now directly owns 106,086 shares in the company, valued at approximately $1,997,599.38. The disclosure for this sale can be found here. Insiders have sold a total of 90,533 shares of company stock valued at $1,709,321 in the last 90 days. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Mattel

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after acquiring an additional 1,052 shares during the period. Blue Trust Inc. lifted its holdings in shares of Mattel by 143.2% during the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after purchasing an additional 1,220 shares during the period. CWM LLC grew its position in Mattel by 71.0% in the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after buying an additional 1,097 shares during the last quarter. Versant Capital Management Inc increased its stake in Mattel by 14,185.0% in the 2nd quarter. Versant Capital Management Inc now owns 2,857 shares of the company’s stock valued at $46,000 after buying an additional 2,837 shares during the period. Finally, Partnership Wealth Management LLC purchased a new position in Mattel during the 4th quarter worth $61,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Performance

NASDAQ:MAT traded up $0.10 during mid-day trading on Monday, reaching $19.27. 3,157,201 shares of the stock were exchanged, compared to its average volume of 3,488,804. The stock has a market capitalization of $6.63 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.26 and a beta of 0.86. Mattel has a 1 year low of $15.87 and a 1 year high of $22.44. The company has a 50 day simple moving average of $17.22 and a 200-day simple moving average of $18.31. The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm posted $0.10 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Analysts anticipate that Mattel will post 1.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on MAT. Roth Mkm reissued a “neutral” rating and issued a $21.00 price target on shares of Mattel in a research note on Wednesday, April 24th. StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Citigroup upped their price target on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Bank of America raised their price objective on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, DA Davidson reaffirmed a “buy” rating and set a $27.00 target price on shares of Mattel in a research note on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $22.63.

About Mattel

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.