Spin Master (TSE:TOY) Hits New 52-Week Low at $31.39

Spin Master Corp. (TSE:TOY)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$31.39 and last traded at C$31.43, with a volume of 26580 shares. The stock had previously closed at C$32.08.

Analyst Upgrades and Downgrades

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

Spin Master Stock Performance

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 business’s fifty day simple moving average is C$33.79 and its 200-day simple moving average is C$34.17. The firm has a market capitalization of C$1.10 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 2.98 and a beta of 1.87.

Spin Master (TSE:TOY) last posted its earnings results on Wednesday, February 28th. The company reported C$0.26 EPS for the quarter, beating analysts’ consensus estimates 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%. As a group, equities research analysts expect that Spin Master Corp. will post 2.9973592 EPS for the current year.

Spin Master Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.77%. Spin Master’s dividend payout ratio is currently 12.37%.

Insider Activity

In other news, Senior Officer Chris Harrs sold 1,453 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$33.25, for a total transaction of C$48,312.25. Corporate insiders own 1.59% of the company’s stock.

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.