Mattel, Inc. $MAT Holdings Boosted by Victory Capital Management Inc.

Key Points

• Victory Capital Management boosted its Mattel stake by 49.1% in Q3 to 2,044,974 shares (about $34.4M), while other institutions—notably EdgePoint with 40.8M shares (~$805M)—help drive total institutional ownership to roughly 97.15%.
• Mattel's latest quarter missed expectations, reporting $0.39 EPS versus a $0.53 consensus and $1.77B in revenue versus $1.85B, though revenue rose 7.3% year-over-year and the company set FY2026 guidance of $1.18–$1.30 EPS.
• Wall Street is mixed: the consensus rating is "Hold" with a $18.38 average price target (3 Buys, 7 Holds, 1 Sell).

Victory Capital Management Inc. grew its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 49.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,044,974 shares of the company's stock after purchasing an additional 673,642 shares during the period. Victory Capital Management Inc. owned approximately 0.66% of Mattel worth $34,417,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EdgePoint Investment Group Inc. lifted its stake in Mattel by 12.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 40,823,584 shares of the company's stock worth $805,041,000 after acquiring an additional 4,665,541 shares in the last quarter. Mane Global Capital Management LP acquired a new position in shares of Mattel in the 2nd quarter valued at about $56,619,000. Norges Bank acquired a new position in shares of Mattel in the 2nd quarter valued at about $55,651,000. Goldman Sachs Group Inc. lifted its position in shares of Mattel by 50.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company's stock worth $80,709,000 after purchasing an additional 1,393,000 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Mattel during the second quarter worth approximately $24,699,000. Hedge funds and other institutional investors own 97.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MAT shares. Seaport Research Partners raised shares of Mattel to a "hold" rating in a research report on Monday, November 10th. Roth Mkm set a $16.00 target price on shares of Mattel in a research note on Wednesday, February 11th. Zacks Research raised shares of Mattel from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 10th. UBS Group reiterated a "buy" rating and set a $28.00 price objective on shares of Mattel in a report on Thursday. Finally, Morgan Stanley set a $18.00 price objective on Mattel 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Mattel has a consensus rating of "Hold" and a consensus price target of $18.38.

Mattel Stock Down 0.8%

Mattel stock opened at $15.90 on Monday. The company has a current ratio of 2.15, a quick ratio of 1.76 and a debt-to-equity ratio of 1.04. Mattel, Inc. has a 1-year low of $13.94 and a 1-year high of $22.48. The firm's fifty day simple moving average is $19.39 and its 200-day simple moving average is $19.04. The company has a market capitalization of $4.80 billion, a P/E ratio of 12.62 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 EPS 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 business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the company earned $0.35 earnings per share. The company's quarterly revenue was up 7.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. Sell-side analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Mattel 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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