EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) announced today that Julius Genachowski and Dawn Ostroff have joined the Company’s Board of Directors, effective February 5, 2024. The new Directors bring extensive combined experience in media, entertainment, and technology, and expertise in finance, M&A, and government regulation, which will help further Mattel’s strategy to grow its IP-driven toy business and expand its entertainment offering. Mr. Genachowski brings to Mattel extensive ex ...

American Girl and Disney collaborate on a new 18-inch doll collection for the popular Disney Princess and Disney Frozen franchises, with fan favorites Ariel, Tiana, and Cinderella first to join the magical lineup in Spring 2024 (Photo: Business Wire)American Girl and Disney collaborate on a new 18-inch doll collection for the popular Disney Princess and Disney Frozen franchises, with fan favorites Ariel, Tiana, and Cinderella first to join the magical lineup in Spring 2024 (Photo: Business Wire)MIDDLETON, W ...

Core Insights - Mattel, Inc. announced the release of a new animated special titled "Barbie and Stacie to the Rescue," set to premiere on Netflix on March 14, featuring Stacie in a lead role for the first time [1][2] - The special includes five original songs and introduces new characters and themes, emphasizing empowerment and entertainment for audiences [2][3] - The release will be available in various regions, with a subsequent launch in Latin America and select European countries on September 5 [3] Company Overview - Mattel is a leading global toy company with a strong portfolio of children's entertainment franchises, including iconic brands like Barbie, Hot Wheels, and Fisher-Price [4] - The company engages consumers through innovative products and experiences, operating in 35 locations and distributing products in over 150 countries [4] - Mattel aims to empower children through play, fostering imagination and development since its founding in 1945 [4]

Mattel, Inc. (MAT) is scheduled to report fourth-quarter 2023 results on Feb 7, 2024, after the closing bell. In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 24.1%.The Trend in Estimate RevisionFor the quarter to be reported, the Zacks Consensus Estimate for earnings per share has remained unchanged at 32 cents in the past seven days. The estimated figure indicates a 77.8% increase from 18 cents reported in the year-ago quarter. For revenues, the consensus mark is p ...

Core Viewpoint - Mattel Inc's stock has experienced a decline following the release of the "Barbie" movie, with J.P. Morgan Securities downgrading the stock from "overweight" to "neutral" due to overestimated benefits from the film and anticipated challenges from weak holiday sales and increased freight costs [1] Group 1: Stock Performance - Mattel's stock is down 1.7% in premarket trading after the downgrade [1] - Since reaching a high of $22.64 on July 27, the stock has been on a downward trend, with expectations to erase gains from a recent 4.1% increase [2] - The stock is projected to fall below its year-to-date breakeven point and recent support levels at the 40-day moving average [2] Group 2: Analyst Sentiment - Despite a nearly 11% year-over-year deficit, the majority of analysts remain optimistic, with eight out of eleven rating the stock as a "strong buy" [1] - The 12-month consensus price target for Mattel is set at $22.55, indicating an 18.6% upside potential from the last closing price [1]

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 ...