Spin Master (TSE:TOY) Reaches New 52-Week Low – What’s Next?

Spin Master Corp. (TSE:TOY) shares hit a new 52-week low on Wednesday . The stock traded as low as C$21.18 and last traded at C$21.42, with a volume of 800 shares. The stock had previously closed at C$21.70.

Analysts Set New Price Targets

A number of brokerages have recently commented on TOY. Royal Bank of Canada cut their price objective on shares of Spin Master from C$43.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. TD Securities cut their price target on shares of Spin Master from C$46.00 to C$37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus reduced their price objective on shares of 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. National Bankshares lowered their target price on 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. Finally, Canaccord Genuity Group reduced their price target 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$37.75.

Spin Master Price Performance

The business has a fifty day moving average of C$27.26 and a two-hundred day moving average of C$30.47. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. The firm has a market capitalization of C$1.58 billion, a price-to-earnings ratio of 51.12, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

Spin Master Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, April 11th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Friday, March 28th. Spin Master’s payout ratio is presently 113.60%.

Insider Transactions at Spin Master

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