American Century Companies Inc. Sells 118,022 Shares of Mattel, Inc. $MAT

Key Points

• American Century Companies reduced its stake in Mattel by 9.3% in Q3, selling 118,022 shares and retaining 1,147,970 shares (about 0.37% of the company) worth $19.32 million.
• Mattel missed Q results, reporting $0.39 EPS vs. $0.53 expected and $1.77B revenue vs. $1.85B expected; the company set FY2026 guidance of 1.180–1.300 EPS as analysts lowered targets and the consensus rating is Hold with an average target of $18.38.
• Shares trade around $16.04 (52-week range $13.94–$22.48) with a $4.85B market cap and PE of 12.73, and institutional investors own roughly 97.15% of the stock.

American Century Companies Inc. reduced its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 9.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,147,970 shares of the company's stock after selling 118,022 shares during the quarter. American Century Companies Inc. owned about 0.37% of Mattel worth $19,320,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Mattel during the third quarter worth $583,000. Handelsbanken Fonder AB raised its stake in Mattel by 34.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 114,200 shares of the company's stock valued at $1,922,000 after purchasing an additional 29,500 shares during the last quarter. K.J. Harrison & Partners Inc bought a new stake in Mattel in the 3rd quarter valued at $293,000. Fox Run Management L.L.C. boosted its holdings in Mattel by 75.8% in the 3rd quarter. Fox Run Management L.L.C. now owns 66,903 shares of the company's stock valued at $1,126,000 after purchasing an additional 28,853 shares during the period. Finally, AXQ Capital LP acquired a new stake in Mattel in the 3rd quarter worth $193,000. Institutional investors own 97.15% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MAT. JPMorgan Chase & Co. lowered 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. DA Davidson decreased their target price on Mattel from $25.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday, February 11th. Jefferies Financial Group lowered 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. Roth Mkm set a $16.00 price target on Mattel in a report on Wednesday, February 11th. Finally, Citigroup downgraded Mattel from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $25.00 to $16.00 in a research report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Mattel currently has an average rating of "Hold" and an average target price of $18.38.

Mattel Stock Up 0.2%

Shares of NASDAQ MAT opened at $16.04 on Wednesday. Mattel, Inc. has a 52-week low of $13.94 and a 52-week high of $22.48. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.76 and a current ratio of 2.15. The business has a fifty day moving average of $19.23 and a two-hundred day moving average of $19.01. The stock has a market cap of $4.85 billion, a PE ratio of 12.73 and a beta of 0.72.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Tuesday, February 10th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.14). Mattel had a return on equity of 20.72% and a net margin of 7.44%.The firm 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 posted $0.35 EPS. The firm'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, equities research analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.