TD Securities Cuts Spin Master (TSE:TOY) Price Target to C$26.00

Spin Master (TSE:TOY) had its price target decreased by TD Securities from C$30.00 to C$26.00 in a report published on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group cut their target price on Spin Master from C$28.00 to C$26.00 in a research report on Friday, October 31st. Canaccord Genuity Group decreased their target price on Spin Master from C$24.00 to C$20.00 in a research note on Wednesday, October 22nd. Cormark lowered their target price on Spin Master from C$44.00 to C$39.00 in a report on Friday, October 31st. National Bankshares dropped their price target on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. Finally, Seaport Research Partners upgraded shares of Spin Master to a “strong-buy” rating in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$26.88.

Spin Master Stock Performance

Shares of TOY stock opened at C$18.61 on Thursday. Spin Master has a 12-month low of C$18.46 and a 12-month high of C$31.93. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06. The firm has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 0.57 and a beta of 0.66. The business has a 50 day simple moving average of C$19.78 and a 200 day simple moving average of C$20.93.

Spin Master (TSE:TOY) last announced its earnings results on Thursday, October 30th. The company reported C$1.11 earnings per share for the quarter. Spin Master had a return on equity of 2.24% and a net margin of 1.45%.The firm had revenue of C$1.02 billion for the quarter. On average, equities research analysts anticipate that Spin Master will post 3.1361829 EPS for the current year.

Spin Master Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, January 9th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. Spin Master’s dividend payout ratio is 63.22%.

About Spin Master

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.