Great Lakes Advisors LLC Buys Shares of 226,701 Mattel, Inc. $MAT

Key Points

• Great Lakes Advisors acquired 226,701 Mattel shares worth approximately $3.15 million, while institutional investors collectively own 97.15% of the company.
• Mattel’s latest quarter showed mixed results: revenue rose 10.5% year over year to $1.13 billion and beat estimates, but EPS of $0.01 missed consensus. Full-year 2026 EPS guidance remains $1.27–$1.39.
• Analyst sentiment is cautious, with recent downgrades from Goldman Sachs and Weiss Ratings and a consensus “Hold” rating; the average price target is $17.33 versus the stock’s $14.72 opening price.

Great Lakes Advisors LLC bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 226,701 shares of the company's stock, valued at approximately $3,147,000. Great Lakes Advisors LLC owned 0.08% of Mattel as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Sei Investments Co. grew its holdings in Mattel by 107.3% during the first quarter. Sei Investments Co. now owns 2,159,405 shares of the company's stock valued at $31,376,000 after purchasing an additional 1,117,726 shares during the period. K.J. Harrison & Partners Inc raised its stake in shares of Mattel by 1,323.5% in the fourth quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company's stock valued at $4,801,000 after buying an additional 225,000 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Mattel by 514.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 644,268 shares of the company's stock valued at $9,361,000 after buying an additional 539,373 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Mattel by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,052,845 shares of the company's stock valued at $160,591,000 after buying an additional 783,102 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Mattel by 14.6% during the 1st quarter. Bank of America Corp DE now owns 1,914,866 shares of the company's stock valued at $27,823,000 after buying an additional 244,094 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

Key Headlines Impacting Mattel

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: New Xbox building set expands premium collectibles. Mattel Brick Shop announced a 1:1-scale, 3,509-piece replica of Microsoft’s original Xbox to commemorate the console’s 25th anniversary. The set is available for presale and carries a premium price, potentially supporting higher-margin collector sales and increasing visibility for Mattel’s newer building-products business. Mattel Brick Shop Celebrates 25 Years of Microsoft's Iconic XBOX Game Console
• Positive Sentiment: Mattel is adding entertainment-driven products and experiences. The company set release plans for KPop Demon Hunters action figures, introduced a Gilmore Girls Little People collection, and launched an $81 Marilyn Monroe Barbie tied to the star’s 100th birthday. These licensed and commemorative products could drive incremental demand while keeping Barbie and other brands culturally relevant. Mattel’s KPop Demon Hunters Action Figures
• Positive Sentiment: UNO is being developed as a larger live-entertainment platform. Mattel announced an UNO Championship Series, including Twitch-streamed competition and qualifying events with a potential $50,000 prize. The initiative may increase engagement, marketing reach and opportunities to monetize UNO beyond traditional card sales. Mattel UNO Card-Game Competition Series
• Neutral Sentiment: Theme-park expansion remains a longer-term opportunity. Plans for a larger Mattel water park near Disney are advancing, while developer Bilbo withdrew from an Arizona Mattel Adventure Park project but continues pursuing a reported $539 million Kansas City development. The projects could diversify revenue over time, but execution, financing and partner risk remain significant. Mattel Water Park Plans
• Negative Sentiment: Fundamental momentum remains mixed. Mattel’s latest quarter exceeded revenue expectations, with sales up 10.5% year over year, but EPS missed consensus. The company’s full-year EPS guidance of $1.27–$1.39 provides support, while execution against that outlook remains important for the stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MAT shares. The Goldman Sachs Group lowered Mattel from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $15.00 to $12.00 in a report on Thursday, July 9th. JPMorgan Chase & Co. dropped their price objective on shares of Mattel from $14.00 to $13.00 and set an "underweight" rating on the stock in a report on Thursday, April 30th. Jefferies Financial Group reiterated a "buy" rating on shares of Mattel in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Mattel from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Finally, Citigroup lowered 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 Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $17.33.

Mattel Trading Up 1.3%

Shares of MAT opened at $14.72 on Friday. The business's 50-day moving average price is $14.24 and its 200-day moving average price is $15.20. Mattel, Inc. has a twelve month low of $12.73 and a twelve month high of $22.48. The stock has a market cap of $4.21 billion, a PE ratio of 10.82, a P/E/G ratio of 1.40 and a beta of 0.72. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17.

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