Spin Master (TSE:TOY) Shares Cross Below Fifty Day Moving Average of $32.54

Spin Master Corp. (TSE:TOY) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$32.54 and traded as low as C$30.01. Spin Master shares last traded at C$30.26, with a volume of 199,254 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TOY. Canaccord Genuity Group lowered their target price on shares of Spin Master from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. National Bankshares reduced their price objective on Spin Master from C$42.00 to C$40.00 and set an “outperform” rating for the company in a report on Friday, March 1st. TD Securities raised Spin Master from a “buy” rating to an “action list buy” rating and lowered their target price for the company from C$50.00 to C$48.00 in a report on Wednesday, January 24th. CIBC decreased their price objective on shares of Spin Master from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Finally, Jefferies Financial Group cut their target price on shares of Spin Master from C$41.00 to C$40.00 and set a “hold” rating for the company in a research report on Thursday, February 15th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$47.13.

Spin Master Price Performance

The company’s 50 day simple moving average is C$32.54 and its 200-day simple moving average is C$33.67. The company has a current ratio of 2.95, a quick ratio of 2.06 and a debt-to-equity ratio of 4.38. The company has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 2.98 and a beta of 1.87.

Spin Master (TSE:TOY) last announced its earnings results on Wednesday, February 28th. The company reported C$0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.12. The firm had revenue of C$684.30 million for the quarter, compared to analyst estimates of C$681.03 million. Spin Master had a net margin of 7.95% and a return on equity of 11.34%. On average, equities research analysts predict that Spin Master Corp. will post 2.9973592 earnings per share for the current fiscal year.

Spin Master Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, April 12th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 0.79%. Spin Master’s dividend payout ratio (DPR) is presently 12.37%.

Insider Buying and Selling at Spin Master

In related news, Senior Officer Chris Harrs sold 1,453 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$33.25, for a total value of C$48,312.25. 1.59% of the stock is owned by company insiders.

Spin Master Company Profile

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.