Mattel Sees Unusually Large Options Volume (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) saw unusually large options trading on Friday. Stock investors bought 16,939 call options on the stock. This represents an increase of approximately 719% compared to the average daily volume of 2,067 call options.

Hedge Funds Weigh In On Mattel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAT. Integrated Wealth Concepts LLC acquired a new stake in Mattel in the 1st quarter valued at approximately $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Mattel by 74.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock worth $67,000 after acquiring an additional 1,468 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Mattel by 50.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock worth $80,709,000 after purchasing an additional 1,393,000 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Mattel by 5.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock worth $15,135,000 after purchasing an additional 37,118 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of Mattel during the first quarter valued at $266,000. 97.15% of the stock is owned by institutional investors.

Mattel Stock Performance

Shares of Mattel stock traded up $0.20 during trading on Friday, hitting $15.09. 1,007,172 shares of the stock were exchanged, compared to its average volume of 4,835,221. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.26 and a current ratio of 1.90. Mattel has a 12 month low of $12.73 and a 12 month high of $22.48. The stock’s fifty day moving average is $14.22 and its 200 day moving average is $15.41. The stock has a market cap of $4.31 billion, a PE ratio of 11.09, a P/E/G ratio of 1.41 and a beta of 0.72.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Mattel had a net margin of 7.79% and a return on equity of 16.20%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, sell-side analysts anticipate that Mattel will post 1.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Weiss Ratings lowered Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. The Goldman Sachs Group downgraded shares of Mattel from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $15.00 to $12.00 in a report on Thursday, July 9th. Wall Street Zen lowered shares of Mattel from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Roth Capital dropped their target price on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.