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

Spin Master Corp. (TSE:TOY)’s share 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 Analyst Weigh In

A number of equities research analysts have recently issued reports on TOY shares. Jefferies Financial Group cut their target price on Spin Master from C$41.00 to C$40.00 and set a “hold” rating on the stock in a research report on Thursday, February 15th. Canaccord Genuity Group lowered their price target on Spin Master from C$52.00 to C$51.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. National Bankshares lowered their price target on Spin Master from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Royal Bank of Canada lowered their price target on Spin Master from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a report on Monday, March 18th. Finally, CIBC lowered their price target on Spin Master from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$47.13.

Spin Master Stock Performance

The company has a market cap of C$1.10 billion, a P/E ratio of 16.11, a P/E/G ratio of 2.98 and a beta of 1.87. The firm has a 50 day moving average price of C$33.30 and a 200-day moving average price of C$34.05. The company has a debt-to-equity ratio of 4.38, a quick ratio of 2.06 and a current ratio of 2.95.

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

Spin Master Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 12th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. Spin Master’s dividend payout ratio (DPR) is presently 12.37%.

Insider Transactions at Spin Master

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