Illinois Municipal Retirement Fund Grows Position in Mattel, Inc. $MAT

Illinois Municipal Retirement Fund grew its stake in Mattel, Inc. (NASDAQ:MAT) by 39.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,344 shares of the company’s stock after buying an additional 73,769 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Mattel were worth $4,415,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MAT. Norges Bank bought a new stake in Mattel during the second quarter valued at about $55,651,000. CX Institutional bought a new position in shares of Mattel in the third quarter worth about $6,260,000. Great Lakes Advisors LLC grew its position in shares of Mattel by 37.1% during the third quarter. Great Lakes Advisors LLC now owns 318,769 shares of the company’s stock worth $5,365,000 after purchasing an additional 86,207 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in Mattel by 221.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 56,637 shares of the company’s stock valued at $1,117,000 after purchasing an additional 38,993 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new position in Mattel in the 2nd quarter worth approximately $726,000. Institutional investors own 97.15% of the company’s stock.

Mattel Trading Up 3.9%

MAT stock opened at $16.47 on Friday. The firm has a fifty day moving average price of $20.45 and a 200 day moving average price of $19.10. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.48. The firm has a market cap of $5.12 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 2.32 and a beta of 0.70. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.18 and a current ratio of 2.15.

Mattel (NASDAQ:MAT) last released 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 business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the business earned $0.35 EPS. Mattel’s revenue for the quarter was up 7.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. Sell-side analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Key Stories Impacting Mattel

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Paramount deal for Teenage Mutant Ninja Turtles licensing provides a near-term content/licensing revenue catalyst and supports IP monetization potential. Teenage Mutant Ninja Turtles Deal
• Positive Sentiment: Mattel is marking American Girl’s 40th anniversary with new product lines (dolls, books), which can boost the stable, higher-margin franchise sales in 2026. American Girl 40th Anniversary
• Positive Sentiment: New Masters of the Universe movie toys expand Mattel’s film/IP tie-ins — supports licensing and merchandising upside if the film performs. Masters of the Universe Toys
• Positive Sentiment: Zacks upgraded Mattel from “strong sell” to “hold,” which may stabilize sentiment among some retail investors. Zacks Upgrade
• Neutral Sentiment: Goldman Sachs cut its price target from $21 to $16 and set a “neutral” rating — removes upside expectations from a major sell-side shop and may cap near-term rallies. Goldman Sachs Price Target Cut
• Negative Sentiment: MSN reports Barbie is facing renewed demand issues — the brand’s softness is a core driver of the earnings/guidance miss and investor concern. Why Barbie Is a Problem
• Negative Sentiment: Zacks added MAT to its Zacks Rank #5 (Strong Sell) list (separate item), signaling downside risk among momentum-focused investors. Zacks Strong Sell List
• Negative Sentiment: Coverage and market reaction to Q4: multiple outlets report a gap-down after earnings and weak 2026 guidance (EPS guidance $1.18–$1.30 vs. higher consensus), margin pressure from tariffs and cost absorption, and a planned $150M digital investment — all cited as reasons for a steep share decline. Shares Gap Down on Earnings
• Negative Sentiment: WSJ and Seeking Alpha coverage highlight that Mattel experienced its sharpest decline in decades and that competitor Hasbro has outperformed this year — reinforcing negative sentiment and potential market-share concerns. WSJ: Stock Suffers Sharp Decline Hasbro Outperforming
• Negative Sentiment: Analyst write-ups (Seeking Alpha) warn “more pain ahead” due to margins and lower-than-expected 2026 EPS guidance, which could keep sell-side pressure and cap rebounds until clearer margin recovery is visible. Q4: More Pain Ahead

Analysts Set New Price Targets

MAT has been the subject of a number of research analyst reports. Roth Mkm set a $16.00 price objective on shares of Mattel in a report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Mattel in a research report on Wednesday, December 24th. UBS Group reaffirmed a “buy” rating on shares of Mattel in a research note on Wednesday. DA Davidson reduced their price target on shares of Mattel from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group decreased their price target on shares of Mattel from $25.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.38.

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.