Insider Selling: Spin Master Corp. (TSE:TOY) Director Sells C$147,963.85 in Stock

Spin Master Corp. (TSE:TOY) Director Chi Wah Yuen sold 4,704 shares of the firm’s 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.

Spin Master Stock Down 2.3 %

TSE:TOY opened at C$32.39 on Thursday. The company has a market capitalization of C$1.12 billion, a price-to-earnings ratio of 56.82, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Spin Master Corp. has a one year low of C$27.52 and a one year high of C$37.73. The stock has a 50-day simple moving average of C$30.34 and a 200 day simple moving average of C$31.28. 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 (TSE:TOY) last issued its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.03). Spin Master had a return on equity of 3.56% and a net margin of 2.37%. The business had revenue of C$563.71 million during the quarter, compared to the consensus estimate of C$583.31 million. Sell-side analysts predict that Spin Master Corp. will post 2.9961832 EPS for the current fiscal year.

Spin Master Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, July 12th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.48%. This is a boost from Spin Master’s previous quarterly dividend of $0.06. Spin Master’s dividend payout ratio (DPR) is currently 84.21%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TOY shares. CIBC lowered their target price on Spin Master from C$41.00 to C$37.00 in a research note on Thursday, May 9th. National Bankshares lowered their target price on Spin Master from C$40.00 to C$35.00 in a research note on Thursday, May 9th. Royal Bank of Canada raised their target price on Spin Master from C$46.00 to C$47.00 in a research note on Wednesday, July 24th. TD Securities lowered their target price on Spin Master from C$48.00 to C$46.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, National Bank Financial downgraded Spin Master from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$44.63.

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.