Simcoe Capital Management LLC Acquires New Shares in Mattel, Inc. $MAT

Simcoe Capital Management LLC bought a new position in shares of Mattel, Inc. (NASDAQ:MAT) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,319,895 shares of the company’s stock, valued at approximately $39,044,000. Mattel makes up approximately 5.7% of Simcoe Capital Management LLC’s portfolio, making the stock its 8th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Mattel in the first quarter worth about $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Mattel by 74.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after purchasing an additional 1,468 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Mattel by 50.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock valued at $80,709,000 after purchasing an additional 1,393,000 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Mattel by 5.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock valued at $15,135,000 after purchasing an additional 37,118 shares during the period. Finally, Focus Partners Wealth bought a new stake in Mattel during the 1st quarter worth approximately $266,000. 97.15% of the stock is owned by institutional investors and hedge funds.

More Mattel News

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Serenity Capital Management opened a roughly $43M Mattel stake, signaling institutional confidence and potential buying support. Serenity Capital Management Opens $43 Million Mattel Position
• Positive Sentiment: Management is pushing a brand‑centric pivot into IP, gaming and entertainment as the next growth phase — a strategic shift that could expand revenue streams beyond toys if execution succeeds. Mattel bets on IP, gaming and entertainment to drive next phase of growth
• Neutral Sentiment: CEO commentary (interviews and conference appearances) emphasizes 2026 as a transformational year converting Mattel into an IP/entertainment platform — useful for long‑term thesis but dependent on milestones. Mattel CEO: 2026 is transformational year for brand-centric strategy
• Neutral Sentiment: Mattel presented at the UBS Global Consumer & Retail conference (slides/transcript available) — ongoing investor outreach that can reduce informational uncertainty but won’t immediately change fundamentals. Mattel, Inc. (MAT) Presents at UBS Global Consumer and Retail Conference – Slideshow
• Neutral Sentiment: Marketing/brand programs (e.g., Hot Wheels Legends Tour) sustain consumer engagement and merchandising opportunities but are low near‑term earnings drivers. Hot Wheels Legends Tour Now Accepting Entries
• Negative Sentiment: The Portnoy Law Firm announced an investigation into possible securities fraud and may file a class action — legal risk increases uncertainty and could lead to costs or management distraction. Mattel, Inc. Investigated by the Portnoy Law Firm
• Negative Sentiment: Zacks downgraded Mattel from “hold” to “strong sell,” which can amplify selling pressure from retail and momentum traders. Zacks.com

Analyst Upgrades and Downgrades

MAT has been the topic of several research analyst reports. Wells Fargo & Company started coverage on shares of Mattel in a report on Wednesday. They set an “overweight” rating and a $19.00 target price on the stock. DA Davidson reduced their price target on shares of Mattel from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. JPMorgan Chase & Co. downgraded shares of Mattel from a “neutral” rating to an “underweight” rating and set a $14.00 price objective for the company. in a research report on Wednesday, February 11th. Jefferies Financial Group dropped their price target on Mattel from $25.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Finally, UBS Group reissued a “buy” rating and issued a $28.00 price objective on shares of Mattel in a research report on Thursday, March 5th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.44.

Mattel Stock Performance

Shares of NASDAQ:MAT opened at $16.06 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.15 and a quick ratio of 1.76. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.48. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 12.75 and a beta of 0.72. The company’s 50 day simple moving average is $19.00 and its 200 day simple moving average is $18.95.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.14). Mattel had a net margin of 7.44% and a return on equity of 20.72%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the company earned $0.35 EPS. Mattel’s revenue for the quarter was up 7.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. As a group, research analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Mattel Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.