Mattel, Inc. (NASDAQ:MAT) saw some unusual options trading on Monday. Stock traders acquired 22,037 put options on the company. This is an increase of approximately 911% compared to the average volume of 2,179 put options.

Shares of NASDAQ MAT opened at $12.88 on Wednesday. Mattel has a fifty-two week low of $12.21 and a fifty-two week high of $19.00. The company has a market capitalization of $4.74 billion, a P/E ratio of -11.93 and a beta of 1.10. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 4.28.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, October 25th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). Mattel had a negative net margin of 17.99% and a negative return on equity of 65.25%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. Research analysts predict that Mattel will post -1.02 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Primecap Management Co. CA lifted its holdings in Mattel by 0.9% in the third quarter. Primecap Management Co. CA now owns 50,743,629 shares of the company’s stock valued at $796,675,000 after buying an additional 456,029 shares during the period. Franklin Resources Inc. raised its holdings in Mattel by 10.8% in the third quarter. Franklin Resources Inc. now owns 30,050,865 shares of the company’s stock worth $471,861,000 after purchasing an additional 2,936,278 shares during the period. Ariel Investments LLC raised its holdings in Mattel by 13.3% in the second quarter. Ariel Investments LLC now owns 11,183,832 shares of the company’s stock worth $183,639,000 after purchasing an additional 1,314,295 shares during the period. Capital International Investors acquired a new stake in Mattel in the third quarter worth $109,900,000. Finally, EdgePoint Investment Group Inc. acquired a new stake in Mattel in the second quarter worth $58,736,000.

A number of research firms have recently weighed in on MAT. Jefferies Financial Group set a $13.00 price target on Mattel and gave the company a “hold” rating in a report on Sunday, October 28th. Citigroup decreased their price target on shares of Mattel from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. ValuEngine cut shares of Mattel from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Zacks Investment Research cut shares of Mattel from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Finally, BidaskClub cut shares of Mattel from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $14.56.

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About Mattel

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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