Bearish Options Activity on Mattel, Inc. After Worse Fundamentals

 Bearish Options Activity on Mattel, Inc. After Worse Fundamentals

In today’s session Mattel, Inc. (MAT) recorded an unusually high (246) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious MAT decrease. With 246 contracts traded and 414 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: MAT161021P00029500 closed last at: $0.75 or 16.7% down. About 3.63 million shares traded hands or 11.69% up from the average. Mattel, Inc. (NASDAQ:MAT) has declined 8.29% since March 14, 2016 and is downtrending. It has underperformed by 13.90% the S&P500.

Analysts await Mattel, Inc. (NASDAQ:MAT) to report earnings on October, 20. They expect $0.70 earnings per share, down 1.41% or $0.01 from last year’s $0.71 per share. MAT’s profit will be $239.35 million for 10.81 P/E if the $0.70 EPS becomes a reality. After $-0.02 actual earnings per share 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), 10 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. Mattel Inc. has been the topic of 18 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Monday, December 14 by BMO Capital Markets. The firm has “Neutral” rating by M Partners given on Thursday, July 21. Oppenheimer initiated Mattel, Inc. (NASDAQ:MAT) rating on Thursday, August 20. Oppenheimer has “Outperform” rating and $28 price target. The firm has “Buy” rating given on Monday, August 15 by Citigroup. M Partners maintained it with “Neutral” rating and $33 target price in Tuesday, April 5 report. On Friday, August 14 the stock rating was maintained by Piper Jaffray with “Neutral”. The firm has “Neutral” rating given on Friday, October 16 by Suntrust Robinson. The company was initiated on Friday, December 4 by Jefferies. Goldman Sachs upgraded Mattel, Inc. (NASDAQ:MAT) on Monday, January 25 to “Conviction Buy” rating. The company was upgraded on Monday, September 19 by Monness Crespi & Hardt.

According to Zacks Investment Research, “Mattel, Inc. designs, manufactures, and markets a broad variety of family products on a worldwide basis through both sales to retailers and direct to consumers. Mattel’s business is dependent in great part on its ability each year to redesign, restyle and extend existing core products and product lines, to design and develop innovative new products and product lines, and successfully market those products and product lines.”

Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.01, from 1.12 in 2016Q1. The ratio fall, 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.
Avalon Advsrs Lc last reported 695,847 shares in the company. Psagot Inv House Ltd last reported 186 shares in the company. Blackrock Advsrs Limited Liability Company accumulated 2.66 million shares or 0.08% of the stock. Private Fincl Bank And Trust last reported 0.06% of its portfolio in the stock. Moreover, Tower Rech Cap Llc (Trc) has 0.02% invested in Mattel, Inc. (NASDAQ:MAT) for 5,688 shares. Blackrock holds 0.07% or 1.57M shares in its portfolio. Geode Capital Mngmt Llc owns 2.83M shares or 0.05% of their US portfolio. Texas Yale Cap Corporation has 0.04% invested in the company for 12,368 shares. The Ontario – Canada-based Manufacturers Life Insur Com The has invested 0.02% in Mattel, Inc. (NASDAQ:MAT). Systematic Finance Lp has invested 0% of its portfolio in Mattel, Inc. (NASDAQ:MAT). Orrstown Fincl Service has invested 0% of its portfolio in Mattel, Inc. (NASDAQ:MAT). D E Shaw Communication Inc reported 72,104 shares or 0% of all its holdings. Windward Capital Management Ca holds 0.05% or 7,609 shares in its portfolio. Cubic Asset Mgmt Limited Liability Com holds 0.25% of its portfolio in Mattel, Inc. (NASDAQ:MAT) for 23,880 shares. Archford Strategies Limited Liability Company holds 0.01% of its portfolio in Mattel, Inc. (NASDAQ:MAT) for 733 shares.

Insider Transactions: Since May 5, 2016, the stock had 0 buys, and 3 sales for $544,794 net activity. Walker Geoffrey H sold 7,128 shares worth $239,280. SCARBOROUGH DEAN A sold $222,905 worth of stock. On Thursday, May 19 the insider White Loyd Kathy sold $82,609.

Mattel, Inc. manufactures and markets a range of toy products around the world. The company has a market cap of $10.35 billion. The Company’s divisions are North America; International and American Girl. It has a 29.82 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.

MAT Company Profile

Mattel, Inc., incorporated on March 6, 1968, designs, makes, and markets a range of toy products around the world, which are sold to its clients and directly to consumers. The Company’s divisions are North America, which consists of the United States and Canada; International, and American Girl. 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. The North America and International divisions sell products in the Mattel Girls & Boys Brands, Fisher-Price Brands, and Construction and Arts & Crafts Brands categories.

Another recent and important Mattel, Inc. (NASDAQ:MAT) news was published by Prnewswire.com which published an article titled: “Mattel Announces Upcoming Events” on October 05, 2016.

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