Spin Master Corp. (TSE:TOY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Spin Master Corp. (TSE:TOY) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$37.38.

Several brokerages recently issued reports on TOY. Canaccord Genuity Group reduced their price objective on shares of Spin Master from C$44.00 to C$35.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Royal Bank of Canada dropped their target price on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. National Bankshares lowered their price target on Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a report on Wednesday, February 26th. TD Securities cut their price objective on shares of Spin Master from C$46.00 to C$37.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, Jefferies Financial Group lowered their target price on shares of Spin Master from C$37.00 to C$32.00 and set a “buy” rating for the company in a report on Thursday, April 17th.

Insider Activity

In other Spin Master news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of C$25.34, for a total value of C$31,898.15. Insiders own 2.20% of the company’s stock.

Spin Master Trading Down 0.1 %

Spin Master stock opened at C$22.13 on Thursday. The stock has a 50-day moving average price of C$25.61 and a 200 day moving average price of C$29.88. Spin Master has a 52 week low of C$20.97 and a 52 week high of C$35.44. The stock has a market cap of C$1.62 billion, a PE ratio of 52.37, a P/E/G ratio of 0.57 and a beta of 1.86. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61.

Spin Master Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, April 11th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, March 28th. This represents a $0.48 annualized dividend and a yield of 2.17%. Spin Master’s dividend payout ratio is currently 113.60%.

About Spin Master

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.