Mattel stock has lost some luster since the Barbie movie came out in the summer Mattel Inc (NASDAQ:MAT) stock is 1.7% lower premarket, after J.P. Morgan Securities downgraded the toymaker to "neutral" from "overweight." According to the analyst, the toymaker's tailwinds from the "Barbie" movie were overblown, while weak 2023 holiday sales and higher freight costs will weigh on MAT going forward.Despite a fractional year-to-date lead and a nearly 11% year-over-year deficit, the majority of analysts are optim ...

Mattel (NASDAQ:MAT) stock is a hot topic on Friday after activist investor Barrington Capital expressed interest in making changes at the family entertainment company.Barrington Capital takes issue with the fact that MAT stock is down 13.2% over the last two years. The activist investor notes that this has the company’s shares lagging 22.3%.Barrington Capital has presented Mattel Executive Chairman and CEO Ynon Kreiz with a few measures to overcome this problem and create shareholder value. That includes se ...

Move over Ken, Barbie has a new suitor.New York-based investment company Barington Capital Group has built an undisclosed stake in Barbie-owner Mattel and wants to swoop in to create value for shareholders, according to a letter sent to Mattel chief Ynon Kreiz.The activist investor said Mattel’s share price — which has hovered at around $18 and despite the smash success of the “Barbie” movie — will continue to underperform, according to the press release issued by Barington CEO James Mitarotonda,Mitarotond ...

The Mattel Inc. logo is displayed outside the headquarters of the toy company known for products including Barbie and Hot Wheels in El Segundo, California, on June 8, 2023.Activist investor Barington Capital is pushing Mattel to consider selling off its American Girl and Fisher-Price brands, citing underperformance within the divisions.Mattel shares were up around 3% in premarket trading Friday following a letter sent to Mattel Thursday, which was first reported by the Wall Street Journal. The toymakers sha ...

Barbie owner Mattel is in the crosshairs of activist investors who want the toy maker to cash in on the success of the blockbuster film and shake up the business. Barington Capital said it had built up a stake recently and wants to see significant changes due to the rising popularity of video games and apps among its target audience of children A possible sale of the Fisher-Price and American Girl toy brands, reducing its reliance on stock-based compensation, and initiating a $2 billion stock repurchase pro ...

Shares of Mattel MAT, +2.12% traded higher late on Thursday after The Wall Street Journal reported activist investor Barington Capital had built an undisclosed stake in the company. The stock rose 4.3% to $19.05 in after-hours trading. Shares are down 14% in the last year. On Thursday, the WSJ reported that Barington sent a letter to Mattel Chief Executive Ynon Kreiz telling him the company should pursue strategic alternatives for its Fisher-Price and American Girl businesses. Barington founder James Mit ...

Mattel (MAT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 7. On ...

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) and Netflix announced today that Hot Wheels Let’s Race, Mattel Television Studios’ all-new animated children’s series, will debut on Netflix globally on March 4. Released today alongside series key art, the official trailer for Hot Wheels Let’s Race features the show’s theme song performed by Patrick Stump, award-winning musician, singer-songwriter, and lead vocalist for Fall Out Boy. Stump composed, recorded, and produced the theme song for Ho ...

EL SEGUNDO, Calif.--(BUSINESS WIRE)--With the Super Bowl fast approaching, Mattel Creations is kicking off the competition with three NFL and NFL Players Association officially licensed Super Bowl LVIII collectibles to celebrate this year’s championship team. Starting today, fans of the San Francisco 49ers and Kansas City Chiefs have a chance to score big by pre-ordering the Fisher-Price Little People Collector™ Super Bowl set featuring detailed NFL player figures to honor this year’s champions; the first-e ...

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT), ShadowMachine, Nuyorican Productions, and Anthony Ramos today announced plans to develop an animated, feature-length film based on Bob the Builder, the long-running and beloved animated children’s series. Imagined as an inventive international story for today’s audiences, the film will star Grammy-winning and Golden Globe and Emmy-nominated actor and recording artist Anthony Ramos (Hamilton, In the Heights), who also produces alongside Alex ...