Mattel (NASDAQ:MAT) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Mattel (NASDAQ:MAT) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

MAT has been the subject of a number of other reports. Morgan Stanley set a $18.00 price objective on Mattel in a research report on Wednesday, February 11th. Weiss Ratings downgraded Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, March 4th. Roth Mkm set a $16.00 target price on Mattel in a research report on Wednesday, February 11th. Citigroup downgraded Mattel from a “buy” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $16.00 in a research report on Wednesday, February 11th. Finally, Jefferies Financial Group dropped their target price on Mattel from $25.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Mattel presently has a consensus rating of “Hold” and an average price target of $18.22.

Mattel Stock Down 1.0%

Shares of NASDAQ:MAT opened at $14.93 on Friday. The business has a 50-day moving average price of $15.33 and a 200 day moving average price of $18.26. The company has a current ratio of 2.06, a quick ratio of 1.76 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 9.45 and a beta of 0.74. Mattel has a 12-month low of $14.10 and a 12-month high of $22.48.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.04. The firm had revenue of $862.17 million during the quarter, compared to the consensus estimate of $808.38 million. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned ($0.03) EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts expect that Mattel will post 1.34 EPS for the current year.

Hedge Funds Weigh In On Mattel

Institutional investors have recently modified their holdings of the business. EdgePoint Investment Group Inc. grew its position in shares of Mattel by 6.0% during the fourth quarter. EdgePoint Investment Group Inc. now owns 47,341,242 shares of the company’s stock worth $939,250,000 after buying an additional 2,678,482 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mattel by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,269,743 shares of the company’s stock worth $203,755,000 after buying an additional 752,146 shares in the last quarter. LSV Asset Management grew its position in shares of Mattel by 1.8% during the fourth quarter. LSV Asset Management now owns 6,126,432 shares of the company’s stock worth $121,548,000 after buying an additional 108,622 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Mattel by 2.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,779,442 shares of the company’s stock worth $97,268,000 after buying an additional 157,881 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of Mattel by 15.1% during the fourth quarter. Morgan Stanley now owns 5,350,290 shares of the company’s stock worth $106,150,000 after buying an additional 703,806 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

More Mattel News

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Q1 results beat revenue and EPS expectations; management reiterated FY26 adjusted EPS range and pointed to Hot Wheels strength and entertainment-led growth as drivers for the year. Mattel, Inc. Q1 2026 Earnings Call Summary
• Positive Sentiment: Company raised or maintained its full‑year profit outlook and emphasized entertainment/IP monetization (movies/gaming) and share repurchases as long‑term value drivers. These items support upside if execution continues. Mattel tops quarterly sales estimates on steady toy demand, entertainment push
• Neutral Sentiment: Analyst pieces and investor commentary highlight Mattel’s transformation into a brand/IP company and note a sizeable buyback plan — bullish long term but reliant on successful content and margin recovery. Mattel: Time To Go Toy Shopping
• Neutral Sentiment: New product drops (K‑Pop Demon Hunters collectibles, WWE Elite waves) and ongoing franchise activity support steady SKU momentum but are unlikely to move the stock near term. Mattel Drops New KPop Demon Hunters Blind Box Figures
• Negative Sentiment: Margins came under pressure in Q1 from tariffs, FX and inflation; analysts note some benefits from fading tariff headwinds are offset by oil‑driven cost inflation and softer toddler sales — a key reason for investor caution. Mattel: Lackluster Execution Limits Upside (Rating Downgrade)
• Negative Sentiment: Major sell‑side cut: JPMorgan lowered its price target to $13 and moved to “underweight,” increasing near‑term downside risk and fueling the session’s selling pressure. Tickerreport: JPMorgan PT cut
• Negative Sentiment: Broader analyst downgrades and negative notes pointing to execution issues and revised free‑cash‑flow expectations are keeping sentiment cautious despite the headline beat. Analysts boost AMD and Palantir, cut Mattel and Pinterest

Mattel Company 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.