Spin Master Corp. (TSE:TOY) Receives C$44.63 Average PT from Analysts

Spin Master Corp. (TSE:TOY) has been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$44.63.

TOY has been the subject of a number of analyst reports. Royal Bank of Canada raised their target price on shares of Spin Master from C$46.00 to C$47.00 in a research report on Wednesday, July 24th. TD Securities decreased their price target 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. National Bankshares dropped their price objective on Spin Master from C$40.00 to C$35.00 in a research note on Thursday, May 9th. CIBC decreased their target price on shares of Spin Master from C$41.00 to C$37.00 in a research note on Thursday, May 9th. Finally, Jefferies Financial Group cut their price target on shares of Spin Master from C$40.00 to C$35.00 in a research note on Thursday, May 9th.

Spin Master Price Performance

Shares of TOY stock opened at C$30.78 on Friday. The firm has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 54.00, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Spin Master has a 12-month low of C$27.52 and a 12-month high of C$37.73. 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 firm has a fifty day moving average of C$30.73 and a 200-day moving average of C$31.14.

Spin Master (TSE:TOY) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.03). The business had revenue of C$563.71 million during the quarter, compared to analyst estimates of C$583.31 million. Spin Master had a net margin of 2.37% and a return on equity of 3.56%. On average, equities research analysts forecast that Spin Master will post 2.9760369 earnings per share for the current year.

Spin Master Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, July 12th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, June 28th. This is a positive change from Spin Master’s previous quarterly dividend of $0.06. This represents a $0.48 annualized dividend and a dividend yield of 1.56%. Spin Master’s payout ratio is 84.21%.

Insider Buying and Selling at Spin Master

In related news, Director Chi Wah Yuen sold 4,704 shares of the business’s stock in a transaction 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. In other Spin Master news, Senior Officer Tara Lise Deakin sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$33.27, for a total value of C$66,532.60. Also, Director Chi Wah Yuen sold 4,704 shares of the company’s stock in a transaction that occurred 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. Insiders have sold 31,404 shares of company stock worth $1,001,732 over the last quarter. Corporate 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.