Spin Master (TSE:TOY) Reaches New 1-Year Low – What’s Next?

Shares of Spin Master Corp. (TSE:TOY) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$25.04 and last traded at C$25.91, with a volume of 84059 shares trading hands. The stock had previously closed at C$25.41.

Analyst Ratings Changes

Several equities analysts have commented on the company. Canaccord Genuity Group lowered their price target on Spin Master from C$44.00 to C$35.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. TD Securities lowered their price target on Spin Master from C$46.00 to C$37.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Royal Bank of Canada lowered their price target on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Stifel Nicolaus lowered their price objective on shares of Spin Master from C$45.00 to C$40.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, National Bankshares lowered their price objective on shares of Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Spin Master has a consensus rating of “Moderate Buy” and an average target price of C$37.75.

Spin Master Stock Performance

The stock has a market capitalization of C$1.86 billion, a P/E ratio of 59.92, a PEG ratio of 0.57 and a beta of 1.86. The firm has a 50-day moving average of C$29.50 and a 200 day moving average of C$31.22. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, April 11th will be given a $0.12 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.48 annualized dividend and a yield of 1.90%. Spin Master’s dividend payout ratio (DPR) is currently 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.