Illinois Municipal Retirement Fund Increases Stake in Mattel, Inc. $MAT

Illinois Municipal Retirement Fund raised its position in shares of Mattel, Inc. (NASDAQ:MAT) by 39.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 262,344 shares of the company’s stock after purchasing an additional 73,769 shares during the quarter. Illinois Municipal Retirement Fund owned 0.08% of Mattel worth $4,415,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. LSV Asset Management grew its holdings in shares of Mattel by 5.6% during the third quarter. LSV Asset Management now owns 6,017,810 shares of the company’s stock valued at $101,280,000 after buying an additional 318,172 shares during the last quarter. Cibc World Market Inc. lifted its position in Mattel by 53.5% in the 3rd quarter. Cibc World Market Inc. now owns 48,541 shares of the company’s stock valued at $817,000 after acquiring an additional 16,916 shares in the last quarter. Krilogy Financial LLC lifted its position in Mattel by 13.3% in the 3rd quarter. Krilogy Financial LLC now owns 141,737 shares of the company’s stock valued at $2,385,000 after acquiring an additional 16,644 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in Mattel by 7.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 120,107 shares of the company’s stock valued at $2,021,000 after purchasing an additional 8,462 shares during the last quarter. Finally, MQS Management LLC bought a new stake in shares of Mattel in the 3rd quarter worth $218,000. Institutional investors own 97.15% of the company’s stock.

Key Mattel News

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

Wall Street Analysts Forecast Growth

MAT has been the topic of a number of research analyst reports. Seaport Research Partners raised Mattel to a “hold” rating in a report on Monday, November 10th. Morgan Stanley set a $18.00 price objective on Mattel in a report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Mattel in a research note on Wednesday, December 24th. Zacks Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group reduced their price target on shares of Mattel from $21.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mattel presently has an average rating of “Hold” and an average price target of $18.38.

Mattel Stock Up 3.9%

MAT stock opened at $16.47 on Friday. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 13.07, a P/E/G 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. The business’s 50-day moving average is $20.45 and its two-hundred day moving average is $19.10. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.48.

Mattel (NASDAQ:MAT) last released its quarterly earnings results 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 analysts’ expectations 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% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. As a group, analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current year.

About Mattel

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.