Spin Master (TSE:TOY) Price Target Raised to C$45.00

Spin Master (TSE:TOY) had its price target raised by Cormark from C$42.00 to C$45.00 in a research note released on Friday, BayStreet.CA reports. Cormark also issued estimates for Spin Master’s Q3 2024 earnings at $2.17 EPS, FY2024 earnings at $2.75 EPS, FY2025 earnings at $2.70 EPS and FY2026 earnings at $3.86 EPS.

TOY has been the subject of several other research reports. TD Securities set a C$46.00 price objective on shares of Spin Master and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Royal Bank of Canada cut their price target on shares of Spin Master from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$42.13.

Spin Master Price Performance

TOY stock opened at C$30.74 on Friday. The business has a 50 day moving average price of C$31.49 and a 200 day moving average price of C$30.58. The company has a quick ratio of 2.06, a current ratio of 1.02 and a debt-to-equity ratio of 47.83. The stock has a market cap of C$1.07 billion, a price-to-earnings ratio of 53.93, a PEG 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.

Spin Master Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a $0.12 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.48 annualized dividend and a yield of 1.56%. Spin Master’s dividend payout ratio (DPR) is 84.21%.

Insider Buying and Selling

In other Spin Master news, Director Chi Wah Yuen sold 4,704 shares of Spin Master stock in a transaction on 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 other Spin Master news, Director Chi Wah Yuen sold 4,704 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$31.45, for a total transaction of C$147,963.85. Also, Senior Officer Tara Lise Deakin sold 2,000 shares of the business’s stock in a transaction that occurred 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. Insiders sold a total of 33,498 shares of company stock worth $1,063,920 in the last 90 days. 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.