Illinois Municipal Retirement Fund Acquires 59,085 Shares of Mattel, Inc. $MAT

Illinois Municipal Retirement Fund boosted its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 24.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 300,659 shares of the company’s stock after buying an additional 59,085 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.10% of Mattel worth $4,369,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. EdgePoint Investment Group Inc. boosted its position in Mattel by 6.0% during the 4th quarter. EdgePoint Investment Group Inc. now owns 47,341,242 shares of the company’s stock valued at $939,250,000 after acquiring an additional 2,678,482 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Mattel by 7.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,269,743 shares of the company’s stock worth $203,755,000 after acquiring an additional 752,146 shares in the last quarter. LSV Asset Management lifted its stake in shares of Mattel by 1.8% during the 4th quarter. LSV Asset Management now owns 6,126,432 shares of the company’s stock worth $121,548,000 after purchasing an additional 108,622 shares during the last quarter. Morgan Stanley lifted its stake in shares of Mattel by 15.1% during the 4th quarter. Morgan Stanley now owns 5,350,290 shares of the company’s stock worth $106,150,000 after purchasing an additional 703,806 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Mattel by 50.5% during the first 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 in the last quarter. Institutional investors own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

MAT has been the topic of several analyst reports. Odean Cap Resea upgraded Mattel to a “strong-buy” rating in a research note on Thursday. The Goldman Sachs Group lowered shares of Mattel from a “neutral” rating to a “sell” rating and decreased their price target for the company from $15.00 to $12.00 in a research report on Thursday, July 9th. JPMorgan Chase & Co. lowered their price target on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.33.

Mattel Stock Down 2.4%

Shares of MAT stock opened at $14.30 on Friday. The stock’s fifty day moving average price is $14.27 and its 200 day moving average price is $16.27. Mattel, Inc. has a 1-year low of $12.73 and a 1-year high of $22.48. The company 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. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50.

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

Key Stories Impacting Mattel

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

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.