Investors Buy Large Volume of Call Options on Mattel (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT - Get Free Report) was the target of unusually large options trading on Wednesday. Stock traders bought 3,900 call options on the company. This represents an increase of 432% compared to the typical volume of 733 call options.

Mattel Stock Up 0.2 %

Shares of NASDAQ MAT traded up $0.05 during trading on Friday, reaching $21.48. 4,130,755 shares of the stock were exchanged, compared to its average volume of 3,631,173. The business's 50-day moving average price is $18.56 and its 200 day moving average price is $18.87. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. Mattel has a twelve month low of $15.87 and a twelve month high of $21.88. The company has a quick ratio of 1.88, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the previous year, the company posted $0.29 earnings per share. As a group, equities analysts forecast that Mattel will post 1.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Mattel

A number of hedge funds have recently bought and sold shares of MAT. UMB Bank n.a. raised its stake in shares of Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company's stock valued at $28,000 after purchasing an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Mattel during the third quarter valued at approximately $29,000. Prospera Private Wealth LLC bought a new position in Mattel during the 3rd quarter worth approximately $34,000. West Oak Capital LLC grew its position in shares of Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock worth $35,000 after acquiring an additional 1,955 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Mattel by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock valued at $53,000 after acquiring an additional 775 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MAT shares. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley raised their price target on shares of Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday. Bank of America boosted their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and lifted their target price for the company from $20.00 to $28.00 in a report on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Mattel currently has an average rating of "Moderate Buy" and an average price target of $25.57.

Mattel Company Profile

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.