Spin Master (TSE:TOY) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Spin Master Corp. (TSE:TOY)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$18.54 and traded as high as C$18.71. Spin Master shares last traded at C$18.21, with a volume of 255,271 shares trading hands.

Analyst Upgrades and Downgrades

TOY has been the subject of several research analyst reports. Royal Bank Of Canada dropped their target price on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. Canaccord Genuity Group dropped their target price on shares of Spin Master from C$22.00 to C$20.00 and set a “hold” rating for the company in a research report on Friday, March 6th. TD Securities dropped their target price on shares of Spin Master from C$30.00 to C$26.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Jefferies Financial Group lifted their target price on shares of Spin Master from C$23.00 to C$26.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Spin Master from C$20.00 to C$21.00 and gave the stock a “hold” rating in a report on Friday, March 6th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Spin Master has a consensus rating of “Moderate Buy” and a consensus price target of C$27.22.

Spin Master Trading Down 3.2%

The stock has a market capitalization of C$1.83 billion, a P/E ratio of -11.82, a price-to-earnings-growth ratio of 0.57 and a beta of 0.80. The company has a current ratio of 1.10, a quick ratio of 2.06 and a debt-to-equity ratio of 35.23. The stock’s fifty day moving average price is C$18.54 and its two-hundred day moving average price is C$19.30.

Spin Master (TSE:TOY) last announced its quarterly earnings data on Thursday, April 30th. The company reported C($0.33) earnings per share for the quarter. The business had revenue of C$456.71 million during the quarter. Spin Master had a negative return on equity of 12.40% and a negative net margin of 7.69%. Equities research analysts forecast that Spin Master Corp. will post 3.1361829 EPS for the current year.

Spin Master Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, April 10th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, March 27th. Spin Master’s dividend payout ratio is currently -22.58%.

Spin Master Company Profile

Spin Master is a children’s entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik’s, Swimways, and Cardinal Games.