Mattel, Inc. $MAT Stock Position Boosted by Bank of America Corp DE

Key Points

• Bank of America increased its Mattel stake by 14.6% in the first quarter, adding 244,094 shares to own 1.91 million shares valued at approximately $27.8 million. Institutional investors and hedge funds collectively own 97.15% of Mattel.
• Mattel reported quarterly revenue of $1.13 billion, up 10.5% year over year, but earnings per share of $0.01 missed analysts’ $0.04 estimate. The company maintained fiscal 2026 EPS guidance of $1.27–$1.39.
• Analyst sentiment remains mixed but leans neutral: Mattel has a consensus “Hold” rating and a $17.33 average price target, while recent firms lowered targets and some downgraded the stock.

Bank of America Corp DE raised its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 14.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,914,866 shares of the company's stock after purchasing an additional 244,094 shares during the quarter. Bank of America Corp DE owned about 0.66% of Mattel worth $27,823,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Sei Investments Co. raised its position 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 buying an additional 1,117,726 shares during the period. K.J. Harrison & Partners Inc lifted its stake in Mattel by 1,323.5% in the 4th quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company's stock worth $4,801,000 after acquiring an additional 225,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Mattel by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,052,845 shares of the company's stock worth $160,591,000 after acquiring an additional 783,102 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Mattel by 514.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 644,268 shares of the company's stock worth $9,361,000 after acquiring an additional 539,373 shares during the period. Finally, Weiss Asset Management LP purchased a new position in Mattel during the 1st quarter valued at about $1,542,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Performance

MAT opened at $15.03 on Monday. Mattel, Inc. has a 1-year low of $12.73 and a 1-year high of $22.48. The stock has a market capitalization of $4.29 billion, a PE ratio of 11.05, a PEG ratio of 1.45 and a beta of 0.72. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. The firm has a 50-day moving average price of $14.23 and a two-hundred day moving average price of $15.37.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on MAT. Weiss Ratings downgraded Mattel from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. lowered their price target on Mattel from $14.00 to $13.00 and set an "underweight" rating for the company in a research note on Thursday, April 30th. Citigroup cut their price objective 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. Wall Street Zen downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. Finally, Wells Fargo & Company cut their price target on shares of Mattel from $19.00 to $18.00 and set an "overweight" rating on the stock in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $17.33.

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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