Spin Master (TSE:TOY) Reaches New 52-Week Low at $29.21

Spin Master Corp. (TSE:TOY) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$29.21 and last traded at C$29.62, with a volume of 53528 shares traded. The stock had previously closed at C$30.26.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. National Bankshares decreased their price target on Spin Master from C$40.00 to C$35.00 in a research note on Thursday. TD Securities dropped their target price on shares of Spin Master from C$48.00 to C$46.00 and set a “buy” rating for the company in a research report on Thursday. Stifel Nicolaus reduced their target price on Spin Master from C$50.00 to C$45.00 in a report on Thursday. National Bank Financial downgraded shares of Spin Master from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Wednesday. Finally, Canaccord Genuity Group dropped their target price on shares of Spin Master from C$52.00 to C$51.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$44.50.

Spin Master Price Performance

The company’s fifty day moving average is C$32.39 and its two-hundred day moving average is C$33.60. 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 firm has a market capitalization of C$1.02 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 2.98 and a beta of 1.87.

Spin Master (TSE:TOY) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.26 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.12. The company had revenue of C$684.30 million for 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%. Equities research analysts anticipate that Spin Master Corp. will post 2.9973592 earnings per share for the current fiscal year.

Spin Master Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.65%. This is a boost from Spin Master’s previous quarterly dividend of $0.06. Spin Master’s payout ratio is currently 12.37%.

Insider Activity at Spin Master

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

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.