Spin Master (TSE:TOY) Raised to Outperform at National Bankshares

National Bankshares upgraded shares of Spin Master (TSE:TOY) from a sector perform rating to an outperform rating in a research report report published on Thursday,BayStreet.CA reports. The firm currently has C$29.00 price objective on the stock, up from their previous price objective of C$26.00.

Other research analysts have also recently issued reports about the company. TD Securities reduced their price target on Spin Master from C$35.00 to C$32.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus cut their price objective on Spin Master from C$40.00 to C$38.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Canaccord Genuity Group downgraded shares of Spin Master from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$35.00 to C$26.00 in a report on Friday, May 2nd. Jefferies Financial Group cut their price target on shares of Spin Master from C$37.00 to C$32.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Finally, Royal Bank of Canada lowered their price objective on shares of Spin Master from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Spin Master presently has a consensus rating of “Buy” and an average target price of C$33.29.

Spin Master Trading Up 0.7 %

Shares of TSE:TOY opened at C$24.44 on Thursday. The stock has a market capitalization of C$1.79 billion, a PE ratio of 57.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. The company’s 50-day moving average price is C$24.02 and its two-hundred day moving average price is C$29.05. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06. Spin Master has a one year low of C$20.97 and a one year high of C$35.44.

Spin Master Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, April 11th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Friday, March 28th. Spin Master’s dividend payout ratio is presently 113.60%.

Insider Activity at Spin Master

In other Spin Master news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of Spin Master stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of C$25.34, for a total value of C$31,898.15. 2.20% 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.