Spin Master (TSE:TOY) Sets New 1-Year Low – Here’s What Happened

Spin Master Corp. (TSE:TOY) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$22.39 and last traded at C$22.49, with a volume of 72756 shares traded. The stock had previously closed at C$24.75.

Analyst Ratings Changes

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

Spin Master Stock Performance

The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. The firm’s fifty day moving average price is C$28.23 and its 200-day moving average price is C$30.74. The firm has a market cap of C$1.60 billion, a price-to-earnings ratio of 51.55, a PEG ratio of 0.57 and a beta of 1.86.

Spin Master Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, April 11th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.48 annualized dividend and a yield of 2.20%. Spin Master’s dividend payout ratio is presently 113.60%.

Insider Transactions at Spin Master

In other news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the business’s stock in a transaction that occurred on 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.