Spin Master Corp. (TSE:TOY) Receives C$32.63 Average PT from Brokerages

Spin Master Corp. (TSE:TOY) has received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$32.63.

Several analysts recently commented on the stock. Cibc World Mkts upgraded shares of Spin Master to a “hold” rating in a research report on Tuesday, June 3rd. National Bank Financial raised shares of Spin Master from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. Jefferies Financial Group cut their price objective on shares of Spin Master from C$37.00 to C$32.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Canaccord Genuity Group cut shares of Spin Master from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$35.00 to C$26.00 in a research report on Friday, May 2nd. Finally, Stifel Nicolaus dropped their price target on shares of Spin Master from C$40.00 to C$38.00 and set a “buy” rating for the company in a research report on Friday, May 2nd.

Insider Buying and Selling at Spin Master

In related news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the stock in a transaction that occurred 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. Insiders own 2.20% of the company’s stock.

Spin Master Price Performance

TOY stock opened at C$24.25 on Friday. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. The stock has a market cap of C$1.78 billion, a PE ratio of 57.39, a P/E/G ratio of 0.57 and a beta of 1.86. The company has a 50-day moving average price of C$23.71 and a 200 day moving average price of C$28.02. Spin Master has a 12 month low of C$20.97 and a 12 month high of C$35.44.

Spin Master Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, April 11th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Friday, March 28th. Spin Master’s payout ratio is 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.