Spin Master (TSE:TOY) Reaches New 52-Week Low at $30.31

Spin Master Corp. (TSE:TOY)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$30.31 and last traded at C$30.47, with a volume of 10777 shares traded. The stock had previously closed at C$30.61.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TOY. TD Securities upgraded shares of Spin Master from a “buy” rating to an “action list buy” rating and cut their price target for the stock from C$50.00 to C$48.00 in a research note on Wednesday, January 24th. Royal Bank of Canada lowered their price objective on Spin Master from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research report on Monday, March 18th. Jefferies Financial Group lowered their price objective on Spin Master from C$41.00 to C$40.00 and set a “hold” rating for the company in a research report on Thursday, February 15th. CIBC lowered their price objective on Spin Master from C$44.00 to C$41.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Finally, National Bankshares lowered their price objective on Spin Master from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$47.13.

Spin Master Price Performance

The stock has a fifty day moving average of C$33.30 and a 200-day moving average of C$34.05. The company has a quick ratio of 2.06, a current ratio of 2.95 and a debt-to-equity ratio of 4.38. The stock has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 2.98 and a beta of 1.87.

Spin Master (TSE:TOY) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.26 earnings per share for the quarter, beating the consensus estimate of C$0.14 by C$0.12. Spin Master had a return on equity of 11.34% and a net margin of 7.95%. The business had revenue of C$684.30 million during the quarter, compared to the consensus estimate of C$681.03 million. On average, equities research analysts predict that Spin Master Corp. will post 2.9973592 EPS for the current fiscal year.

Spin Master Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 12th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, March 27th. Spin Master’s payout ratio is 12.37%.

Insiders Place Their Bets

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

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.