Canaccord Genuity Group Has Lowered Expectations for Spin Master (TSE:TOY) Stock Price

Key Points

• Canaccord Genuity cut Spin Master’s price target to C$21 from C$23 and maintained a “hold” rating, implying only 3.65% upside from the prior close.
• Despite mixed analyst views, Spin Master has a consensus “Moderate Buy” rating and an average price target of C$27.35; TD raised its target to C$27 with a “buy” rating, while Stifel lifted its target to C$21.50 but kept a “hold.”
• Shares fell 3.3% to C$20.26 after quarterly revenue of C$1.04 billion and declining adjusted net income raised concerns, although core brands such as PAW Patrol supported performance and management reiterated its 2026 outlook.

Spin Master (TSE:TOY - Get Free Report) had its target price cut by investment analysts at Canaccord Genuity Group from C$23.00 to C$21.00 in a research report issued on Friday, BayStreet reports. The firm presently has a "hold" rating on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 3.65% from the company's previous close.

TOY has been the subject of several other reports. TD lifted their price target on shares of Spin Master from C$26.00 to C$27.00 and gave the company a "buy" rating in a research note on Friday, July 3rd. Stifel Nicolaus upped their target price on Spin Master from C$21.00 to C$21.50 and gave the stock a "hold" rating in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Spin Master presently has a consensus rating of "Moderate Buy" and an average price target of C$27.35.

Spin Master Trading Down 3.3%

TOY stock traded down C$0.69 during trading on Friday, hitting C$20.26. The company had a trading volume of 223,403 shares, compared to its average volume of 164,910. The business has a 50-day moving average of C$20.35 and a 200-day moving average of C$19.69. Spin Master has a one year low of C$17.13 and a one year high of C$24.13. The stock has a market cap of C$2.03 billion, a PE ratio of -25.97, a PEG ratio of 0.57 and a beta of 0.66. The company has a current ratio of 1.09, a quick ratio of 2.06 and a debt-to-equity ratio of 30.48.

Spin Master (TSE:TOY - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported C$1.47 earnings per share (EPS) for the quarter. Spin Master had a negative net margin of 4.01% and a negative return on equity of 6.74%. The business had revenue of C$1.04 billion for the quarter. Research analysts predict that Spin Master will post 3.14 earnings per share for the current fiscal year.

Spin Master News Summary

Here are the key news stories impacting Spin Master this week:

• Positive Sentiment: Spin Master reported that PAW Patrol and other core brands helped support third-quarter performance. The company also reiterated its 2026 full-year outlook, reducing concerns that the quarterly softness will lead to a broader forecast cut. PAW Patrol Powers Spin Master Q3 as Core Brands Gain Ground Spin Master Reports Q3 2026 Financial Results and Reiterates 2026 Full Year Outlook
• Positive Sentiment: Stifel Nicolaus raised its price target to C$21.50 from C$21.00, while maintaining a “hold” rating. The target increase suggests some analyst confidence in the company’s valuation, although the unchanged rating signals limited near-term conviction.
• Neutral Sentiment: Spin Master appointed Kate Rouch to its board of directors. The appointment may add relevant strategic or marketing expertise, but it is unlikely to materially affect near-term earnings. Spin Master Announces Appointment of Kate Rouch to Board of Directors
• Negative Sentiment: Third-quarter revenue was C$1.04 billion, while adjusted net income declined year over year. The weaker earnings trend likely pressured the stock, despite reported quarterly EPS of C$1.47. Spin Master Posts Lower Q3 Adjusted Net Income YoY Spin Master Quarterly Revenue Slips But Annual Targets Remain
• Negative Sentiment: The company is holding toy prices steady ahead of the holiday season despite tariffs and rising costs. This could protect demand but may compress margins if higher expenses cannot be passed on to consumers. Spin Master Holds Toy Prices Steady Ahead of Holidays

About Spin Master

Spin Master Corp. TSX: TOY is a leading global children's entertainment company, creating exceptional play experiences across its three creative centres: Toys, Entertainment and Digital Games. With worldwide toy distribution, Spin Master is best known for award-winning brands including PAW Patrol ®, Melissa & Doug ®, Bakugan ® and Rubik's ® Cube, and is the global toy licensee for other iconic properties. Through its in-house entertainment studio, the company creates and produces captivating multiplatform content including powerhouse preschool franchise PAW Patrol, along with other original shows, short-form series and feature films.

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