Spin Master Corp. (TSE:TOY) Given Average Rating of “Moderate Buy” by Analysts

Spin Master Corp. (TSE:TOY) has earned an average rating of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$37.75.

A number of equities research analysts have recently issued reports on TOY shares. Canaccord Genuity Group reduced their price target on shares of 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. Stifel Nicolaus reduced their price objective on Spin Master from C$45.00 to C$40.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. TD Securities lowered their target price on Spin Master from C$46.00 to C$37.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Royal Bank of Canada dropped their price target on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, National Bankshares decreased their price objective on shares of Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 26th.

Insiders Place Their Bets

In related news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$25.34, for a total transaction of C$31,898.15. 2.20% of the stock is owned by corporate insiders.

Spin Master Stock Performance

TSE:TOY opened at C$21.87 on Thursday. The firm’s fifty day simple moving average is C$26.11 and its 200-day simple moving average is C$30.09. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. The stock has a market cap of C$1.60 billion, a PE ratio of 51.76, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. Spin Master has a fifty-two week low of C$20.97 and a fifty-two week high of C$35.44.

Spin Master Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, April 11th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, March 28th. Spin Master’s dividend payout ratio is presently 113.60%.

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.