Mattel Sees Unusually Large Options Volume (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) saw unusually large options trading activity on Monday. Investors bought 9,239 call options on the stock. This is an increase of approximately 738% compared to the typical volume of 1,103 call options.

Insider Transactions at Mattel

In other Mattel news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of Mattel stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the completion of the sale, the executive vice president now directly owns 106,086 shares of the company’s stock, valued at $1,997,599.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Mattel news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total transaction of $407,763.65. Following the completion of the sale, the executive vice president now owns 106,086 shares in the company, valued at approximately $1,997,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steve Totzke sold 23,662 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $18.89, for a total transaction of $446,975.18. Following the completion of the transaction, the insider now directly owns 152,018 shares in the company, valued at approximately $2,871,620.02. The disclosure for this sale can be found here. Insiders sold a total of 90,533 shares of company stock valued at $1,709,321 in the last quarter. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock valued at $33,000 after acquiring an additional 1,052 shares during the last quarter. Blue Trust Inc. boosted its stake in Mattel by 143.2% in the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after buying an additional 1,220 shares in the last quarter. CWM LLC grew its holdings in shares of Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after purchasing an additional 1,097 shares during the last quarter. Versant Capital Management Inc boosted its position in Mattel by 14,185.0% during the second quarter. Versant Capital Management Inc now owns 2,857 shares of the company’s stock valued at $46,000 after buying an additional 2,837 shares during the period. Finally, Partnership Wealth Management LLC bought a new position in shares of Mattel during the fourth quarter valued at about $61,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Stock Performance

MAT stock traded up $0.10 during midday trading on Monday, reaching $19.27. 3,157,201 shares of the company’s stock traded hands, compared to its average volume of 3,488,804. The firm has a market capitalization of $6.63 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.26 and a beta of 0.86. The company has a 50-day moving average price of $17.22 and a two-hundred day moving average price of $18.31. Mattel has a 52 week low of $15.87 and a 52 week high of $22.44. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. As a group, equities analysts anticipate that Mattel will post 1.42 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MAT shares. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Citigroup lifted their price target on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. DA Davidson restated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research note on Monday, July 22nd. Bank of America lifted their target price on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Roth Mkm restated a “neutral” rating and set a $21.00 price target on shares of Mattel in a research report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Mattel has an average rating of “Hold” and a consensus price target of $22.63.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.