Mattel Sees Unusually High Options Volume (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) saw unusually large options trading activity on Wednesday. Investors acquired 20,308 put options on the stock. This is an increase of 1,604% compared to the average daily volume of 1,192 put options.

Institutional Investors Weigh In On Mattel

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in Mattel by 21.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,393,829 shares of the company’s stock worth $23,458,000 after purchasing an additional 244,030 shares during the last quarter. K.J. Harrison & Partners Inc grew its stake in shares of Mattel by 1,323.5% in the 4th quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company’s stock valued at $4,801,000 after buying an additional 225,000 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Mattel by 203.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 810,970 shares of the company’s stock valued at $16,252,000 after buying an additional 543,640 shares in the last quarter. AE Wealth Management LLC acquired a new position in Mattel in the fourth quarter worth approximately $4,948,000. Finally, New Age Alpha Advisors LLC acquired a new position in Mattel in the fourth quarter worth approximately $3,406,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Performance

Shares of NASDAQ MAT traded up $0.26 during midday trading on Wednesday, reaching $13.93. 1,022,367 shares of the company traded hands, compared to its average volume of 4,904,597. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 1.21 and a beta of 0.74. The stock has a 50-day moving average price of $14.33 and a 200 day moving average price of $16.36. Mattel has a 52 week low of $12.73 and a 52 week high of $22.48. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The firm had revenue of $862.17 million during the quarter, compared to analyst estimates of $808.38 million. During the same period last year, the company posted ($0.03) EPS. The firm’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 fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on MAT. Wells Fargo & Company dropped their price target on Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Zacks Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. The Goldman Sachs Group cut shares of Mattel from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $15.00 to $12.00 in a report on Thursday, July 9th. Roth Capital reduced their price target on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.33.

About Mattel

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.