Mattel Target of Unusually High Options Trading (MAT)

Mattel, Inc. (NASDAQ:MAT) was the recipient of some unusual options trading activity on Thursday. Investors bought 16,773 call options on the stock. This is an increase of 1,276% compared to the average daily volume of 1,219 call options.

A number of large investors have recently modified their holdings of MAT. Highlander Capital Management LLC purchased a new position in Mattel in the 2nd quarter worth $105,000. Zeke Capital Advisors LLC purchased a new position in Mattel in the 3rd quarter worth $163,000. Hartland & Co. LLC purchased a new position in Mattel in the 3rd quarter worth $165,000. ETF Managers Group LLC purchased a new position in Mattel in the 2nd quarter worth $195,000. Finally, National Asset Management Inc. purchased a new position in Mattel in the 2nd quarter worth $213,000.

MAT has been the subject of several analyst reports. UBS Group set a $22.00 price target on shares of Mattel and gave the company a “buy” rating in a report on Friday, October 27th. Jefferies Group set a $17.00 price objective on shares of Mattel and gave the company a “hold” rating in a research report on Saturday, December 2nd. Monness Crespi & Hardt cut shares of Mattel from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 12th. TheStreet cut shares of Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. Finally, ValuEngine upgraded shares of Mattel from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $20.25.

Shares of Mattel (NASDAQ:MAT) opened at $16.14 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31. The firm has a market cap of $5,235.00, a price-to-earnings ratio of -9.28, a PEG ratio of 4.12 and a beta of 1.01. Mattel has a 52-week low of $12.71 and a 52-week high of $31.60.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 EPS. sell-side analysts expect that Mattel will post -0.16 earnings per share for the current year.

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About Mattel

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

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