What’s Propelling Mattel, Inc. to Increase So Much?

 What's Propelling Mattel, Inc. to Increase So Much?

In today’s session Mattel, Inc. (MAT) registered an unusually high (624) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious MAT increase. With 624 contracts traded and 1904 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: MAT170120C00034000 closed last at: $0.5 or 23.1% down. The stock decreased 1.82% or $0.56 during the last trading session, hitting $30.21. About 4.29 million shares traded hands or 39.74% up from the average. Mattel, Inc. (NASDAQ:MAT) has declined 4.65% since March 1, 2016 and is downtrending. It has underperformed by 13.89% the S&P500.

Analysts await Mattel, Inc. (NASDAQ:MAT) to report earnings on October, 20. They expect $0.70 EPS, down 1.41% or $0.01 from last year’s $0.71 per share. MAT’s profit will be $242.37M for 10.79 P/E if the $0.70 EPS becomes a reality. After $-0.02 actual EPS reported by Mattel, Inc. for the previous quarter, Wall Street now forecasts -3,600.00% EPS growth.

Mattel, Inc. (NASDAQ:MAT) Ratings Coverage

Out of 12 analysts covering Mattel Inc. (NASDAQ:MAT), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. $38 is the highest target while $22 is the lowest. The $32.50 average target is 7.58% above today’s ($30.21) stock price. Mattel Inc. has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Mattel, Inc. (NASDAQ:MAT) has “Overweight” rating given on Thursday, April 7 by JP Morgan. The company was upgraded on Monday, December 14 by BMO Capital Markets. Argus Research upgraded it to “Buy” rating and $38 target price in Thursday, February 4 report. Monness Crespi & Hardt upgraded Mattel, Inc. (NASDAQ:MAT) on Monday, September 19 to “Buy” rating. The rating was maintained by M Partners with “Neutral” on Thursday, July 21. The stock has “Neutral” rating given by Suntrust Robinson on Friday, October 16. As per Friday, August 14, the company rating was maintained by Piper Jaffray. The rating was initiated by Jefferies with “Buy” on Friday, December 4. The rating was upgraded by Stifel Nicolaus on Tuesday, February 2 to “Buy”. The firm has “Outperform” rating given on Thursday, August 20 by Oppenheimer.

Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.01, from 1.12 in 2016Q1. The ratio worsened, as 68 funds sold all Mattel, Inc. shares owned while 162 reduced positions. 49 funds bought stakes while 207 increased positions. They now own 317.56 million shares or 0.80% less from 320.13 million shares in 2016Q1.
Blackrock Invest Lc holds 0.09% of its portfolio in Mattel, Inc. (NASDAQ:MAT) for 2.40M shares. Putnam Invs Ltd Liability accumulated 0% or 7,176 shares. Azimuth Capital Management Ltd reported 52,424 shares or 0.15% of all its holdings. Moreover, Tiaa Cref Investment Management Lc has 0.19% invested in Mattel, Inc. (NASDAQ:MAT) for 8.02 million shares. Columbia Asset Mgmt, a Michigan-based fund reported 67,280 shares. The New York-based Glob X Mgmt Ltd Liability Co has invested 0.29% in Mattel, Inc. (NASDAQ:MAT). Tcw Grp Incorporated Incorporated reported 27,375 shares or 0.01% of all its holdings. Magnetar Financial Ltd accumulated 0.02% or 25,910 shares. Aberdeen Asset Public Ltd Uk holds 85,986 shares or 0.01% of its portfolio. Sg Americas Limited Co holds 0.01% of its portfolio in Mattel, Inc. (NASDAQ:MAT) for 66,030 shares. Bollard Group Limited Com accumulated 0.01% or 4,078 shares. Cookson Peirce last reported 0.67% of its portfolio in the stock. Princeton Port Strategies Group Llc owns 36,225 shares or 0.37% of their US portfolio. Mycio Wealth Prns Ltd Co has invested 0% of its portfolio in Mattel, Inc. (NASDAQ:MAT). Morgan Dempsey Capital Limited Liability last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 5, 2016, the stock had 0 insider purchases, and 3 insider sales for $544,794 net activity. $82,609 worth of shares were sold by White Loyd Kathy on Thursday, May 19. On Tuesday, August 30 the insider Walker Geoffrey H sold $239,280. SCARBOROUGH DEAN A had sold 7,294 shares worth $222,905 on Thursday, May 5.

Mattel, Inc. manufactures and markets a range of toy products around the world. The company has a market cap of $10.46 billion. The Company’s divisions are North America; International and American Girl. It has a 29.76 P/E ratio. The Company’s portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

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