BlackRock Inc. Makes New $363.27 Million Investment in Mattel, Inc. $MAT

Key Points

• BlackRock acquired 26.17 million Mattel shares worth approximately $363.3 million, giving it a 9.01% stake in the toy company. Institutional investors collectively own 97.15% of Mattel.
• Mattel’s latest quarterly revenue rose 10.5% year over year to $1.13 billion, beating estimates, but earnings of $0.01 per share missed consensus by $0.03. Management guided to fiscal 2026 EPS of $1.27–$1.39.
• Mattel shares opened at $15.26, below the analyst consensus price target of $17.80. Analyst sentiment is mixed, with an overall “Hold” rating based on one Strong Buy, five Buys, five Holds and three Sells.

BlackRock Inc. acquired a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,172,377 shares of the company's stock, valued at approximately $363,273,000. BlackRock Inc. owned approximately 9.01% of Mattel as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new stake in Mattel during the 3rd quarter worth $28,000. Los Angeles Capital Management LLC acquired a new position in Mattel in the 4th quarter worth $31,000. SJS Investment Consulting Inc. lifted its holdings in Mattel by 2,959.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company's stock worth $25,000 after buying an additional 1,687 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in Mattel in the 4th quarter valued at about $36,000. Finally, Farther Finance Advisors LLC boosted its position in Mattel by 107.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company's stock valued at $40,000 after buying an additional 1,048 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Stock Performance

Mattel stock opened at $15.26 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26. Mattel, Inc. has a 12 month low of $12.73 and a 12 month high of $22.48. The company has a fifty day moving average price of $14.27 and a two-hundred day moving average price of $15.07. The company has a market cap of $4.36 billion, a PE ratio of 11.22, a P/E/G ratio of 1.43 and a beta of 0.72.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Mattel had a return on equity of 16.20% and a net margin of 7.79%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company posted $0.19 earnings per share. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Research analysts expect that Mattel, Inc. will post 1.32 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on MAT shares. Citigroup dropped their target price on Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, July 10th. Jefferies Financial Group reissued a "buy" rating on shares of Mattel in a report on Wednesday, May 6th. Wall Street Zen lowered Mattel from a "buy" rating to a "hold" rating in a research note on Sunday, May 10th. Odeon Capital Group assumed coverage on Mattel in a report on Thursday, July 16th. They set a "buy" rating on the stock. Finally, Wells Fargo & Company cut their target price on Mattel from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $17.80.

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.

Want to see what other hedge funds are holding MAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mattel, Inc. (NASDAQ:MAT - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source