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

Shares of Spin Master Corp. (TSE:TOY) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$44.63.

TOY has been the topic of several recent research reports. CIBC dropped their target price on Spin Master from C$41.00 to C$37.00 in a research report on Thursday, May 9th. Stifel Nicolaus dropped their price objective on Spin Master from C$50.00 to C$45.00 in a research report on Thursday, May 9th. TD Securities reduced 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 report on Thursday, May 9th. Jefferies Financial Group decreased their price target on shares of Spin Master from C$40.00 to C$35.00 in a research report on Thursday, May 9th. Finally, 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, May 8th.

Insiders Place Their Bets

In other Spin Master news, Senior Officer Tara Lise Deakin sold 2,000 shares of Spin Master stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$33.27, for a total transaction of C$66,532.60. In other Spin Master news, Senior Officer Tara Lise Deakin sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$33.27, for a total value of C$66,532.60. Also, Director Chi Wah Yuen sold 4,704 shares of Spin Master stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$31.45, for a total value of C$147,963.85. In the last quarter, insiders have sold 31,404 shares of company stock valued at $1,001,732. Insiders own 2.20% of the company’s stock.

Spin Master Price Performance

Spin Master stock opened at C$32.29 on Friday. Spin Master has a 12-month low of C$27.52 and a 12-month high of C$37.73. The firm has a 50-day moving average price of C$30.48 and a 200-day moving average price of C$31.24. The firm has a market capitalization of C$1.12 billion, a PE ratio of 56.65, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The company has a current ratio of 1.02, a quick ratio of 2.06 and a debt-to-equity ratio of 47.83.

Spin Master (TSE:TOY) last released its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.15 by C($0.03). The business had revenue of C$563.71 million for the quarter, compared to the consensus estimate of C$583.31 million. Spin Master had a return on equity of 3.56% and a net margin of 2.37%. As a group, equities research analysts forecast that Spin Master will post 2.9961832 EPS for the current year.

Spin Master Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, July 12th were paid a $0.12 dividend. The ex-dividend date was Friday, June 28th. This is a boost from Spin Master’s previous quarterly dividend of $0.06. This represents a $0.48 dividend on an annualized basis and a yield of 1.49%. Spin Master’s dividend payout ratio (DPR) is 84.21%.

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.