Mattel, Inc. $MAT Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 24.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,659 shares of the company’s stock after buying an additional 59,085 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Mattel were worth $4,369,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Mattel by 21.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,393,829 shares of the company’s stock valued at $23,458,000 after purchasing an additional 244,030 shares during the last quarter. K.J. Harrison & Partners Inc raised its stake in shares of Mattel by 1,323.5% in the fourth quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company’s stock worth $4,801,000 after purchasing an additional 225,000 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Mattel by 203.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 810,970 shares of the company’s stock worth $16,252,000 after purchasing an additional 543,640 shares during the period. AE Wealth Management LLC acquired a new stake in shares of Mattel during the fourth quarter worth about $4,948,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Mattel in the fourth quarter valued at approximately $3,406,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel News Summary

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Odeon Capital upgraded Mattel to strong-buy, adding to the bullish case that the stock may be undervalued after its recent weakness. Tickerreport.com coverage
• Positive Sentiment: A Seeking Alpha piece argued Mattel has stronger upside than Wall Street expects, citing a sub-10x P/E, free cash flow yield above 7%, and potential catalysts such as activist pressure, takeover speculation, or short covering. Seeking Alpha article
• Neutral Sentiment: Brokerage coverage remains mixed overall, with Mattel receiving a consensus Hold rating, suggesting analysts see limited near-term clarity despite the valuation appeal. American Banking News coverage
• Neutral Sentiment: Another note said Mattel trades at a discount on earnings despite weak returns, reinforcing the idea that the stock is inexpensive but not yet proving a durable turnaround. Yahoo Finance article
• Negative Sentiment: Articles highlighted competitive and brand-related pressure, including Hasbro’s launch tied to K-Pop Demon Hunters, underscoring rivalry in the toy industry and the risk that Mattel may miss out on some entertainment-driven momentum. Merca20 article

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MAT shares. Odeon Capital Group started coverage on shares of Mattel in a report on Thursday. They issued a “buy” rating on the stock. Jefferies Financial Group restated a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. Wells Fargo & Company dropped their price objective on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mattel in a research note on Thursday, July 2nd. Finally, Wall Street Zen cut shares of Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.33.

Mattel Stock Down 2.4%

Mattel stock opened at $14.30 on Friday. The business’s 50-day moving average price is $14.27 and its 200 day moving average price is $16.27. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 1.25 and a beta of 0.74. Mattel, Inc. has a 52 week low of $12.73 and a 52 week high of $22.48.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The company had revenue of $862.17 million during the quarter, compared to the consensus estimate of $808.38 million. During the same period in the previous year, the company posted ($0.03) earnings per share. Mattel’s revenue for the quarter was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, sell-side analysts anticipate that Mattel, Inc. will post 1.35 earnings per share for the current year.

Mattel Company 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.