Spin Master Corp. (TSE:TOY – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$42.13.
A number of research analysts have recently commented on the company. TD Securities set a C$46.00 target price on Spin Master and gave the company a “buy” rating in a research note on Tuesday, September 24th. Royal Bank of Canada reduced their price target on shares of Spin Master from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Cormark lifted their target price on Spin Master from C$42.00 to C$45.00 in a research report on Friday, November 1st.
Check Out Our Latest Stock Analysis on TOY
Spin Master Trading Down 0.7 %
Spin Master Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, December 27th. Spin Master’s payout ratio is 84.21%.
Insider Transactions at Spin Master
In other news, Senior Officer Douglas Wadleigh sold 2,094 shares of Spin Master stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$29.70, for a total transaction of C$62,187.19. Company insiders own 2.20% of the company’s stock.
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.
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