Spin Master (TSE:TOY) Shares Down 4.1% – Here’s What Happened

Spin Master Corp. (TSE:TOY)’s share price traded down 4.1% during trading on Friday . The company traded as low as C$21.40 and last traded at C$21.50. 363,410 shares traded hands during trading, an increase of 283% from the average session volume of 94,781 shares. The stock had previously closed at C$22.41.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TOY shares. Canaccord Genuity Group cut their target price on Spin Master from C$44.00 to C$35.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. TD Securities reduced 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 research note on Wednesday, February 26th. National Bankshares cut their price target on shares of 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. Stifel Nicolaus lowered their target price on Spin Master from C$45.00 to C$40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their price target on shares of Spin Master from C$43.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$37.75.

Spin Master Trading Up 0.2 %

The company has a market cap of C$1.65 billion, a P/E ratio of 53.16, a PEG ratio of 0.57 and a beta of 1.86. The firm’s 50 day moving average is C$26.78 and its two-hundred day moving average is C$30.32. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61.

Spin Master Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, March 28th. This represents a $0.48 annualized dividend and a yield of 2.14%. Spin Master’s payout ratio is 113.60%.

Insider Activity

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

Spin Master Company Profile

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.