Stock Traders Buy Large Volume of Put Options on Mattel (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) saw some unusual options trading on Wednesday. Stock traders bought 20,308 put options on the stock. This is an increase of 1,604% compared to the typical daily volume of 1,192 put options.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MAT. Citigroup 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 Friday, July 10th. The Goldman Sachs Group cut Mattel from a “neutral” rating to a “sell” rating and cut their price target for the stock from $15.00 to $12.00 in a research note on Thursday, July 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Mattel in a research note on Thursday, July 2nd. Zacks Research raised Mattel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. reduced their target price on Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Mattel currently has a consensus rating of “Hold” and an average target price of $17.33.

Institutional Trading of Mattel

Large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its stake in Mattel by 0.6% during the 3rd 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 in the last quarter. GAMMA Investing LLC increased its stake in Mattel by 8.0% in the 4th quarter. GAMMA Investing LLC now owns 9,344 shares of the company’s stock worth $185,000 after purchasing an additional 693 shares in the last quarter. Sei Investments Co. lifted its stake in Mattel by 1.7% during the second quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock valued at $902,000 after buying an additional 758 shares in the last quarter. Quinn Opportunity Partners LLC lifted its stake in Mattel by 4.5% during the fourth quarter. Quinn Opportunity Partners LLC now owns 18,070 shares of the company’s stock valued at $359,000 after buying an additional 774 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings 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 worth $547,000 after buying an additional 920 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Trading Up 1.4%

Shares of NASDAQ:MAT opened at $13.86 on Thursday. The company has a market cap of $4.03 billion, a PE ratio of 8.77, a P/E/G ratio of 1.19 and a beta of 0.74. The company’s 50-day moving average price is $14.30 and its 200 day moving average price is $16.32. Mattel has a fifty-two week low of $12.73 and a fifty-two week high of $22.48. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11.

Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The firm had revenue of $862.17 million during the quarter, compared to analysts’ expectations of $808.38 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. Mattel’s quarterly revenue was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts anticipate that Mattel will post 1.35 earnings per share for the current year.

Mattel Company Profile

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.