Mattel (NASDAQ:MAT) Issues FY 2026 Earnings Guidance

Mattel (NASDAQ:MAT) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.180-1.300 for the period, compared to the consensus estimate of 1.750. The company issued revenue guidance of $5.5 billion-$5.7 billion, compared to the consensus revenue estimate of $5.6 billion.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MAT. UBS Group reiterated a “buy” rating on shares of Mattel in a research note on Wednesday. Roth Mkm set a $16.00 price target on shares of Mattel in a report on Wednesday. Citigroup lowered shares of Mattel from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $25.00 to $16.00 in a report on Wednesday. Morgan Stanley set a $18.00 target price on Mattel in a research note on Wednesday. Finally, The Goldman Sachs Group cut their price target on Mattel from $21.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Mattel has a consensus rating of “Hold” and a consensus price target of $18.38.

Mattel Stock Performance

Shares of MAT stock traded down $1.04 on Thursday, hitting $14.77. 7,767,602 shares of the stock traded hands, compared to its average volume of 4,819,029. The company has a market capitalization of $4.59 billion, a PE ratio of 11.77, a PEG ratio of 2.23 and a beta of 0.70. The company’s fifty day moving average is $20.65 and its 200 day moving average is $19.12. 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 has a 1-year low of $13.94 and a 1-year high of $22.48.

Mattel (NASDAQ:MAT) last issued 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 return on equity of 20.82% and a net margin of 7.44%.The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the company posted $0.35 earnings per share. 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. On average, equities research analysts predict that Mattel will post 1.7 earnings per share for the current fiscal year.

Key Mattel News

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: New content and product catalysts: Mattel announced a Paramount partnership for Teenage Mutant Ninja Turtles consumer products and is rolling out new Masters of the Universe and American Girl initiatives—these franchise/content moves support brand monetization and merchandising tailwinds. Exciting Teenage Mutant Ninja Turtles Deal Signed by Paramount & Mattel
• Neutral Sentiment: Strategic push into digital games: Mattel agreed to acquire full ownership of Mattel163 (mobile games studio) to accelerate its digital-games strategy — a long‑term positive but one that requires cash and management focus during the transition. Mattel to Acquire Full Ownership of Mattel163 Mobile Games Studio
• Neutral Sentiment: Analyst movement mixed: Zacks upgraded Mattel from strong‑sell to hold, indicating some stabilization, while other firms (e.g., JPMorgan) cut ratings/targets — analyst views remain divided. Zacks Research
• Negative Sentiment: Q4 miss and weak guide: Mattel reported Q4 EPS $0.39 vs. ~$0.53 expected and revenue ~$1.77B below estimates; management issued FY‑2026 EPS guidance of $1.18–$1.30 vs. ~$1.75 consensus — the shortfall is the primary driver of the stock decline. Barbie maker Mattel forecasts annual profit below estimates
• Negative Sentiment: Near‑term margin and earnings pressure: Management flagged tariffs, discounting and cost absorption issues (and plans ~$150M of digital investment) that compress near‑term margins and explain the steep market reaction. Mattel Q4: More Pain Ahead, But It Is Getting Interesting
• Negative Sentiment: Competitive/market reaction: Coverage comparing Mattel to Hasbro highlights Hasbro’s stronger digital pivot and contributed to sector‑wide re‑rating; multiple outlets reported the stock’s large intraday sell‑off after the print. Hasbro is winning the toy war this year as Mattel spirals lower

Institutional Investors Weigh In On Mattel

A number of hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Mattel in the 1st quarter worth $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Mattel by 74.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after acquiring an additional 1,468 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Mattel by 50.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock valued at $80,709,000 after purchasing an additional 1,393,000 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Mattel by 5.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock worth $15,135,000 after purchasing an additional 37,118 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of Mattel in the 1st quarter worth approximately $266,000. 97.15% of the stock is currently owned by institutional investors.

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.