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

Spin Master Corp. (TSE:TOY) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$42.13.

A number of research analysts have issued reports on the company. Royal Bank of Canada lowered their price objective on Spin Master from C$46.00 to C$43.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. TD Securities set a C$46.00 price objective on Spin Master and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, Cormark upped their price target on Spin Master from C$42.00 to C$45.00 in a research report on Friday, November 1st.

Spin Master Price Performance

Shares of TOY stock opened at C$31.57 on Friday. The firm has a market cap of C$1.10 billion, a P/E ratio of 55.39, a P/E/G ratio of 0.57 and a beta of 1.86. Spin Master has a fifty-two week low of C$27.52 and a fifty-two week high of C$36.82. The business’s 50 day moving average price is C$31.27 and its 200-day moving average price is C$30.50. The company has a debt-to-equity ratio of 47.83, a quick ratio of 2.06 and a current ratio of 1.02.

Spin Master Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.52%. Spin Master’s dividend payout ratio is currently 84.21%.

Insider Activity

In other Spin Master news, Senior Officer Douglas Wadleigh sold 2,094 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$29.70, for a total transaction of C$62,187.19. Also, Director Chi Wah Yuen sold 4,704 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$31.45, for a total value of C$147,963.85. Insiders sold a total of 33,598 shares of company stock valued at $1,066,982 in the last quarter. 2.20% of the stock is currently owned by company 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.