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

JPMorgan Chase & Co. downgraded shares of Mattel (NASDAQ:MAT) from a neutral rating to an underweight rating in a research note released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has $14.00 target price on the stock.

Several other research firms have also recently weighed in on MAT. Seaport Research Partners raised shares of Mattel to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Mattel in a report on Wednesday, December 24th. UBS Group raised their price objective on Mattel from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Cfra Research cut Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Citigroup cut shares of Mattel from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.00.

Mattel Stock Up 0.0%

Shares of MAT stock traded up $0.01 during trading on Wednesday, reaching $15.81. The company’s stock had a trading volume of 1,674,029 shares, compared to its average volume of 4,591,915. Mattel has a one year low of $13.94 and a one year high of $22.48. The business has a fifty day moving average price of $20.65 and a 200-day moving average price of $19.12. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 2.23 and a beta of 0.70. The company has a quick ratio of 1.18, a current ratio of 1.60 and a debt-to-equity ratio of 0.77.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, February 10th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.14). Mattel had a net margin of 7.44% and a return on equity of 20.82%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the business 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. Analysts anticipate that Mattel will post 1.7 earnings per share for the current year.

Institutional Trading of Mattel

A number of institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC increased its position in shares of Mattel by 537.7% in the third quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock worth $25,000 after purchasing an additional 1,140 shares during the period. Quarry LP acquired a new stake in Mattel during the third quarter worth about $28,000. Los Angeles Capital Management LLC bought a new position in Mattel in the 4th quarter valued at about $31,000. Farther Finance Advisors LLC raised its position in shares of Mattel by 107.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after buying an additional 1,048 shares in the last quarter. Finally, Traub Capital Management LLC acquired a new stake in shares of Mattel in the 2nd quarter valued at $40,000. 97.15% of the stock is currently owned by institutional investors.

Key Stories Impacting Mattel

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Mattel agreed to acquire full ownership of Mattel163, strengthening its mobile-games and digital pipeline — a strategic move to build recurring digital revenue that management says will be central to future growth. Mattel to Acquire Full Ownership of Mattel163
• Positive Sentiment: New and expanded IP/licensing activity — deals and product rollouts for Teenage Mutant Ninja Turtles (Paramount), Masters of the Universe movie toys and American Girl 40th anniversary — provide longer‑term product catalysts and merchandising opportunities. Teenage Mutant Ninja Turtles Deal Signed
• Neutral Sentiment: Zacks moved its rating from “strong sell” to “hold” — a modest vote of confidence but not a bullish re‑rating; it’s a signal that some selling pressure may stabilize if guidance execution improves. Zacks Rating Note
• Neutral Sentiment: Unusual options activity: a large spike in call buying was reported, which can reflect speculative positioning or hedging around the earnings fallout but is not definitive of directional conviction.
• Negative Sentiment: Q4 results missed and full‑year EPS guidance came in well below consensus: Q4 EPS $0.39 vs. ~$0.53 expected and FY2026 EPS guidance $1.18–$1.30 vs. ~$1.75 consensus. Management cited softer December demand, discounting, tariffs and margin pressures — the primary driver of the sharp share decline. Reuters: Mattel forecasts below estimates
• Negative Sentiment: Analyst reaction turned negative: JPMorgan downgraded MAT to “underweight” with a $14 price target, adding to selling pressure as expectations were reset lower. Finviz: JPMorgan Downgrade
• Negative Sentiment: Relative weakness vs. peers: Hasbro’s stock rallied on its digital pivot while Mattel’s weaker forecast and slower digital monetization highlighted the gap, intensifying sector‑level selling and investor rotation. Reuters: Tale of Two Toymakers

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.