National Bankshares Cuts Spin Master (TSE:TOY) Price Target to C$25.00

Spin Master (TSE:TOY) had its price target reduced by National Bankshares from C$27.00 to C$25.00 in a research note released on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms also recently commented on TOY. Royal Bank Of Canada dropped their target price on shares of Spin Master from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Canaccord Genuity Group decreased their price objective on shares of Spin Master from C$24.00 to C$20.00 in a research note on Wednesday, October 22nd. Cormark dropped their price objective on Spin Master from C$44.00 to C$39.00 in a report on Friday, October 31st. CIBC boosted their target price on Spin Master from C$23.00 to C$25.00 in a report on Friday, October 31st. Finally, Jefferies Financial Group decreased their target price on Spin Master from C$28.00 to C$26.00 in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$27.38.

Spin Master Trading Up 1.3%

TOY opened at C$19.06 on Tuesday. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. Spin Master has a one year low of C$18.51 and a one year high of C$32.34. The company has a market cap of C$1.92 billion, a P/E ratio of 35.30, a PEG ratio of 0.57 and a beta of 0.66. The business’s 50-day simple moving average is C$19.96 and its 200-day simple moving average is C$21.34.

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

Spin Master Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, January 9th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, December 24th. Spin Master’s dividend payout ratio is presently 63.22%.

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.