Spin Master (TSE:TOY) Sets New 1-Year Low at $29.21

Spin Master Corp. (TSE:TOY)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$29.21 and last traded at C$29.62, with a volume of 53528 shares changing hands. The stock had previously closed at C$30.26.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TOY shares. Stifel Nicolaus dropped their price objective on shares of Spin Master from C$50.00 to C$45.00 in a research note on Thursday. Royal Bank of Canada reduced their price objective on Spin Master from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Monday, March 18th. CIBC cut their price target on Spin Master from C$41.00 to C$37.00 in a research note on Thursday. Jefferies Financial Group lowered their price objective on Spin Master from C$40.00 to C$35.00 in a research note on Thursday. Finally, TD Securities cut their target price on shares of Spin Master from C$48.00 to C$46.00 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$44.50.

Spin Master Stock Down 1.3 %

The company has a debt-to-equity ratio of 4.38, a quick ratio of 2.06 and a current ratio of 2.95. The firm has a market cap of C$1.02 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 2.98 and a beta of 1.87. The stock’s 50 day simple moving average is C$32.39 and its 200 day simple moving average is C$33.60.

Spin Master (TSE:TOY) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.26 EPS for the quarter, topping the consensus estimate of C$0.14 by C$0.12. The firm had revenue of C$684.30 million during the quarter, compared to the consensus estimate of C$681.03 million. Spin Master had a return on equity of 11.34% and a net margin of 7.95%. Research analysts anticipate that Spin Master Corp. will post 2.9973592 EPS for the current year.

Spin Master Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 28th. This is a positive change from Spin Master’s previous quarterly dividend of $0.06. This represents a $0.48 annualized dividend and a dividend yield of 1.65%. Spin Master’s dividend payout ratio is currently 12.37%.

Insider Activity at Spin Master

In other Spin Master news, Senior Officer Chris Harrs sold 1,453 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$33.25, for a total value of C$48,312.25. 1.59% of the stock is currently 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.