California State Teachers Retirement System Raises Holdings in Mattel, Inc. $MAT

Key Points

• California State Teachers Retirement System increased its Mattel stake by 22.9% in the first quarter, bringing its holdings to 373,051 shares valued at approximately $5.42 million. Institutional investors and hedge funds collectively own 97.15% of the company.
• Mattel’s second-quarter revenue rose 10.5% year over year to $1.13 billion, exceeding expectations, but adjusted EPS of $0.01 missed the $0.04 consensus as tariffs, higher costs and margin pressure contributed to an $18 million loss.
• Analysts have a consensus “Hold” rating and a $17.33 target price, while Mattel maintained its fiscal 2026 adjusted EPS outlook of $1.27 to $1.39.

California State Teachers Retirement System boosted its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 22.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 373,051 shares of the company's stock after acquiring an additional 69,429 shares during the period. California State Teachers Retirement System owned 0.13% of Mattel worth $5,420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MAT. SJS Investment Consulting Inc. raised its stake in shares of Mattel by 2,959.6% during 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 during the period. Quarry LP acquired a new stake in shares of Mattel during the third quarter worth about $28,000. Los Angeles Capital Management LLC acquired a new stake in Mattel in the 4th quarter valued at about $31,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Mattel during the 4th quarter worth approximately $36,000. Finally, Farther Finance Advisors LLC increased 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 acquiring an additional 1,048 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAT has been the topic of a number of research analyst reports. Zacks Research raised Mattel from a "strong sell" rating to a "hold" rating in a research note on Monday, April 13th. Odeon Capital Group began coverage on shares of Mattel in a report on Thursday, July 16th. They set a "buy" rating for the company. Roth Capital cut their price target on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 14th. Citigroup reduced their price objective on Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, July 10th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Mattel in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $17.33.

Key Mattel News

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Mattel reported second-quarter sales of approximately $1.13 billion, up 10% year over year and above analyst expectations. Vehicles—particularly Hot Wheels—games, action figures and movie-related products were major contributors. Mattel Says Toy-Based Movies and Adult Collectors Drive 10% Q2 Growth
• Positive Sentiment: Management said toy-based entertainment, adult collectors and the Masters of the Universe product line are helping convert movie and entertainment activity into toy sales, even though the film itself underperformed at the box office. Movies Give Mattel a Sales Lift, But Toymaker Reports $18 Million Loss
• Positive Sentiment: Mattel reiterated its fiscal 2026 adjusted EPS outlook of $1.27 to $1.39 and is targeting a global launch of UNO Wild in early 2027, providing investors with continued earnings visibility and a future product catalyst. Mattel Reiterates 2026 EPS Outlook
• Neutral Sentiment: New branded products—including K-pop Demon Hunters singing dolls and celebrity-inspired dolls—could increase visibility and licensing opportunities, although their financial contribution is not yet clear. Mattel K-pop Demon Hunters Dolls
• Negative Sentiment: Adjusted EPS was $0.01, below the $0.04 consensus estimate and sharply below the year-ago result. Mattel reported an $18 million quarterly loss as tariffs, higher costs and margin pressure offset the sales gains. Mattel Q2 Earnings Miss Estimates

Mattel Stock Performance

NASDAQ MAT opened at $14.49 on Friday. The company has a market cap of $4.21 billion, a P/E ratio of 10.65, a P/E/G ratio of 1.30 and a beta of 0.72. Mattel, Inc. has a fifty-two week low of $12.73 and a fifty-two week high of $22.48. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.50 and a current ratio of 1.90. The business's 50 day moving average price is $14.19 and its 200-day moving average price is $15.62.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.10 billion. During the same period last year, the company earned $0.19 earnings per share. The firm's revenue was up 10.5% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts predict that Mattel, Inc. will post 1.31 earnings per share for the current year.

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.

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