Spin Master (TSE:TOY) Hits New 12-Month Low – Time to Sell?

Spin Master Corp. (TSE:TOY)’s stock price hit a new 52-week low on Friday . The company traded as low as C$24.90 and last traded at C$24.99, with a volume of 28648 shares changing hands. The stock had previously closed at C$25.39.

Analyst Ratings Changes

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

Spin Master Stock Down 2.8 %

The business’s fifty day simple moving average is C$28.77 and its 200 day simple moving average is C$30.93. The stock has a market cap of C$1.81 billion, a price-to-earnings ratio of 58.39, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61.

Spin Master Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, April 11th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.95%. Spin Master’s dividend payout ratio (DPR) is presently 113.60%.

Insider Buying and Selling at Spin Master

In other Spin Master news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$25.34, for a total value of C$31,898.15. 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.