Mattel Inc (NASDAQ:MAT) was the target of some unusual options trading activity on Monday. Investors purchased 15,496 put options on the stock. This represents an increase of 1,540% compared to the typical volume of 945 put options.
Shares of Mattel stock opened at $11.46 on Tuesday. The business has a 50 day moving average of $11.52 and a 200 day moving average of $11.32. Mattel has a 52 week low of $9.06 and a 52 week high of $17.26. The company has a market cap of $4.06 billion, a PE ratio of -10.05 and a beta of 1.66. The company has a quick ratio of 1.14, a current ratio of 1.60 and a debt-to-equity ratio of 6.30.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.18. Mattel had a negative net margin of 4.53% and a negative return on equity of 26.03%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm earned $0.18 earnings per share. Mattel’s revenue was up 3.1% on a year-over-year basis. On average, research analysts anticipate that Mattel will post -0.45 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in MAT. Oregon Public Employees Retirement Fund raised its stake in Mattel by 291.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 139,918 shares of the company’s stock valued at $1,568,000 after buying an additional 104,207 shares during the last quarter. Arizona State Retirement System boosted its position in Mattel by 278.0% in the second quarter. Arizona State Retirement System now owns 250,702 shares of the company’s stock worth $2,810,000 after purchasing an additional 184,380 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Mattel during the 2nd quarter valued at about $49,000. State Treasurer State of Michigan increased its position in shares of Mattel by 2.7% during the 2nd quarter. State Treasurer State of Michigan now owns 102,261 shares of the company’s stock valued at $1,146,000 after purchasing an additional 2,700 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Mattel by 2,468.6% in the 2nd quarter. SG Americas Securities LLC now owns 531,616 shares of the company’s stock worth $5,959,000 after purchasing an additional 510,919 shares during the period.
MAT has been the topic of a number of research reports. UBS Group decreased their price objective on Mattel from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. SunTrust Banks dropped their target price on Mattel to $12.00 and set a “hold” rating for the company in a research report on Wednesday, September 11th. BidaskClub lowered Mattel from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. DZ Bank cut shares of Mattel from a “hold” rating to a “sell” rating and set a $46.00 price target on the stock. in a research report on Tuesday, October 29th. Finally, Stifel Nicolaus decreased their price target on shares of Mattel from $14.00 to $13.50 and set a “hold” rating on the stock in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Mattel has a consensus rating of “Hold” and a consensus target price of $16.42.
Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.
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