Spin Master Corp. (TSE:TOY) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Spin Master Corp. has received an average recommendation of "Moderate Buy" from nine analysts, with five recommending buy, three hold, and one strong buy.
• The current twelve-month price objective for Spin Master is set at C$32.00, with price targets varying from C$26.00 to C$38.00 among different analysts.
• Spin Master recently announced a quarterly dividend of $0.12 per share, representing an annualized yield of 1.88%, despite a dividend payout ratio of 113.60%.

Shares of Spin Master Corp. (TSE:TOY - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$32.00.

Several analysts have weighed in on the stock. National Bankshares raised shares of Spin Master from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$26.00 to C$29.00 in a research note on Thursday, May 8th. Jefferies Financial Group cut their price objective on shares of Spin Master from C$37.00 to C$32.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Cibc World Mkts upgraded shares of Spin Master to a "hold" rating in a research report on Tuesday, June 3rd. Stifel Nicolaus cut their target price on shares of Spin Master from C$38.00 to C$33.00 in a research note on Thursday, July 24th. Finally, TD Securities dropped their price objective on shares of Spin Master from C$35.00 to C$32.00 and set a "buy" rating for the company in a research note on Friday, May 2nd.

Spin Master Price Performance

TSE TOY remained flat at C$25.01 during trading on Friday. The company's stock had a trading volume of 46,890 shares, compared to its average volume of 130,173. Spin Master has a 1 year low of C$20.97 and a 1 year high of C$35.44. The firm's fifty day simple moving average is C$24.26 and its 200 day simple moving average is C$25.83. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. The firm has a market capitalization of C$1.83 billion, a PE ratio of 59.19, a P/E/G ratio of 0.57 and a beta of 1.86.

Spin Master Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 11th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, June 27th. Spin Master's dividend payout ratio (DPR) is 113.60%.

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.