Mattel, Inc. $MAT Shares Sold by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services trimmed its stake in Mattel by 7%, selling 402,188 shares and now holding 5,377,254 shares (about 1.73%) worth ~$106.7M, while other institutions like Allspring boosted positions sharply and institutional ownership stands at ~97.15%.
• Mattel missed Q4 estimates, reporting EPS of $0.39 vs. $0.53 expected and revenue of $1.77B vs. $1.85B expected, though revenue was up 7.3% year-over-year and the company set FY2026 EPS guidance of $1.180–1.300.
• Analyst sentiment is mixed-to-cautious with a consensus "Hold" and $18.44 price target; notable moves include Citigroup and JPMorgan lowering ratings/targets while Wells Fargo initiated coverage with an overweight and $19 target.

Massachusetts Financial Services Co. MA lowered its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,377,254 shares of the company's stock after selling 402,188 shares during the period. Massachusetts Financial Services Co. MA owned 1.73% of Mattel worth $106,685,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Aaron Wealth Advisors LLC acquired a new stake in shares of Mattel during the fourth quarter valued at $537,000. Stratos Wealth Advisors LLC boosted its stake in Mattel by 11.7% in the 4th quarter. Stratos Wealth Advisors LLC now owns 134,142 shares of the company's stock worth $2,661,000 after buying an additional 14,035 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Mattel in the 4th quarter worth about $411,000. Allspring Global Investments Holdings LLC boosted its stake in Mattel by 203.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 810,970 shares of the company's stock worth $16,252,000 after buying an additional 543,640 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in Mattel in the 4th quarter worth about $88,000. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Stock Performance

Shares of NASDAQ:MAT opened at $14.53 on Tuesday. The company has a market cap of $4.39 billion, a P/E ratio of 11.53 and a beta of 0.78. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.76 and a current ratio of 2.15. Mattel, Inc. has a one year low of $14.10 and a one year high of $22.48. The business's 50-day simple moving average is $16.34 and its 200 day simple moving average is $18.50.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.39 earnings per share (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 analysts' expectations of $1.85 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Mattel'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. On average, sell-side analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MAT has been the topic of a number of research analyst reports. Zacks Research lowered Mattel from a "hold" rating to a "strong sell" rating in a research note on Wednesday, March 11th. Citigroup lowered Mattel from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $25.00 to $16.00 in a research note on Wednesday, February 11th. Wells Fargo & Company initiated coverage on Mattel in a research note on Wednesday, March 11th. They issued an "overweight" rating and a $19.00 price target on the stock. DA Davidson decreased their price target on Mattel from $25.00 to $18.00 and set a "buy" rating on the stock in a research note on Wednesday, February 11th. Finally, JPMorgan Chase & Co. lowered Mattel from a "neutral" rating to an "underweight" rating and set a $14.00 price target on the stock. in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $18.44.

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.

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