Spin Master (TSE:TOY) Price Target Raised to C$47.00

Spin Master (TSE:TOY) had its target price raised by Royal Bank of Canada from C$46.00 to C$47.00 in a report released on Wednesday, BayStreet.CA reports.

Several other brokerages also recently issued reports on TOY. CIBC cut their price objective on Spin Master from C$41.00 to C$37.00 in a research report on Thursday, May 9th. TD Securities reduced their price objective on Spin Master from C$48.00 to C$46.00 and set a buy rating on the stock in a research report on Thursday, May 9th. Stifel Nicolaus decreased their price objective on Spin Master from C$50.00 to C$45.00 in a research note on Thursday, May 9th. National Bank Financial downgraded shares of Spin Master from an outperfrom under weight rating to a sector perform under weight rating in a research note on Wednesday, May 8th. Finally, Jefferies Financial Group reduced their target price on shares of Spin Master from C$40.00 to C$35.00 in a report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of C$44.63.

Spin Master Trading Up 1.1 %

Shares of TOY stock opened at C$32.99 on Wednesday. The stock has a market cap of C$1.16 billion, a P/E ratio of 26.39, a P/E/G ratio of 0.58 and a beta of 1.87. The company has a quick ratio of 2.06, a current ratio of 1.09 and a debt-to-equity ratio of 46.93. Spin Master has a fifty-two week low of C$27.52 and a fifty-two week high of C$37.73. The business has a fifty day simple moving average of C$29.33 and a 200-day simple moving average of C$31.71.

Spin Master (TSE:TOY) last posted its earnings results on Tuesday, May 7th. The company reported C($0.26) earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.32). Spin Master had a net margin of 5.05% and a return on equity of 7.63%. The business had revenue of C$426.28 million for the quarter, compared to analysts’ expectations of C$407.27 million. On average, analysts forecast that Spin Master will post 2.8894422 earnings per share for the current fiscal year.

Spin Master Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, July 12th were issued a $0.12 dividend. This is a boost from Spin Master’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, June 28th. This represents a $0.48 annualized dividend and a yield of 1.45%. Spin Master’s payout ratio is 38.40%.

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.