Mattel (NASDAQ:MAT) Downgraded to Underweight Rating by JPMorgan Chase & Co.

Mattel (NASDAQ:MAT) was downgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued to investors on Wednesday. They presently have a $14.00 price objective on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 33.52% from the company’s current price.

Several other equities research analysts have also recently weighed in on MAT. DA Davidson lowered their price target on shares of Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. UBS Group boosted their price objective on shares of Mattel from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Cfra Research cut Mattel from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Citigroup downgraded Mattel from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a report on Wednesday. Finally, The Goldman Sachs Group cut Mattel from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research note on Friday, January 9th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.43.

Mattel Price Performance

Shares of MAT stock opened at $21.06 on Wednesday. The company has a market capitalization of $6.55 billion, a P/E ratio of 15.72, a P/E/G ratio of 2.28 and a beta of 0.70. The company’s 50-day simple moving average is $20.76 and its two-hundred day simple moving average is $19.15. Mattel has a one year low of $13.94 and a one year high of $22.48. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.18.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.14). Mattel had a net margin of 8.27% and a return on equity of 20.60%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. As a group, equities analysts anticipate that Mattel will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MAT. Natixis Advisors LLC acquired a new stake in shares of Mattel during the fourth quarter worth $356,000. Norges Bank purchased a new position in Mattel in the 4th quarter worth $49,182,000. Eurizon Capital SGR S.p.A. acquired a new stake in Mattel during the 4th quarter worth about $148,000. Hillsdale Investment Management Inc. lifted its position in Mattel by 2.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 46,708 shares of the company’s stock worth $927,000 after acquiring an additional 1,208 shares during the period. Finally, King Luther Capital Management Corp grew its stake in Mattel by 2.4% during the 4th quarter. King Luther Capital Management Corp now owns 968,915 shares of the company’s stock valued at $19,223,000 after purchasing an additional 22,675 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel News Summary

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Mattel agreed to buy full ownership of its Mattel163 mobile‑games studio, a strategic move to accelerate its digital games capabilities and address a key investor concern about the company’s digital pipeline. Mattel to Acquire Full Ownership of Mattel163
• Positive Sentiment: Ongoing brand and licensing initiatives (Barbie anniversary content and new TMNT consumer products collaboration) support long‑term revenue streams from entertainment and consumer products. Barbie Anniversary Special
• Neutral Sentiment: Top‑line grew year‑over‑year (revenue up ~7.3%), indicating demand wasn’t uniformly weak, but growth missed Street expectations — mixed signal for investors weighing durability of sales momentum. Earnings release and slide deck
• Neutral Sentiment: Unusual options activity with a large spike in call buying suggests some traders are positioning for a rebound or event‑driven volatility, but options flow is not a direct signal of fundamentals.
• Negative Sentiment: Q4 EPS and revenue missed consensus materially ($0.39 vs. $0.53; $1.77B vs. ~$1.84B) — the core earnings miss is the primary near‑term driver of the price drop. Zacks: Mattel Misses Q4
• Negative Sentiment: FY‑2026 guidance was markedly below Street expectations (EPS guide 1.18–1.30 vs. ~1.75 consensus), prompting a sharp re‑pricing of forward earnings and valuation. Reuters: Forecast Below Estimates
• Negative Sentiment: Market reaction was severe, with multiple outlets reporting a large one‑day decline after hours as investors punished the combination of the miss and weak guidance. Barron’s: Mattel Stock Plunges After Earnings

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.