Spin Master (TSE:TOY) Given New C$38.00 Price Target at Stifel Nicolaus

Spin Master (TSE:TOY) had its price objective cut by Stifel Nicolaus from C$40.00 to C$38.00 in a research report report published on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts also recently commented on the stock. Royal Bank of Canada decreased 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. Canaccord Genuity Group lowered their price objective on Spin Master from C$44.00 to C$35.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Jefferies Financial Group dropped their price objective on Spin Master from C$37.00 to C$32.00 and set a “buy” rating for the company in a report on Thursday, April 17th. National Bankshares reduced 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 report on Wednesday, February 26th. Finally, TD Securities dropped their price target on Spin Master from C$38.00 to C$35.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Spin Master has an average rating of “Moderate Buy” and an average price target of C$34.13.

Spin Master Trading Up 2.5 %

Shares of TOY stock opened at C$22.94 on Friday. Spin Master has a 12-month low of C$20.97 and a 12-month high of C$35.44. The company has a market capitalization of C$1.68 billion, a PE ratio of 54.29, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. The firm has a 50 day moving average price of C$24.37 and a two-hundred day moving average price of C$29.38. 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 business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, April 11th were issued a $0.12 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.09%. Spin Master’s dividend payout ratio (DPR) is currently 113.60%.

Insider Activity

In other news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the 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.

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.