Brokerages Set Spin Master Corp. (TSE:TOY) Target Price at C$37.75

Shares of Spin Master Corp. (TSE:TOY - Get Free Report) have received an average rating of "Moderate Buy" from the six analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$37.38.

Several brokerages recently issued reports on TOY. Canaccord Genuity Group reduced their price objective on Spin Master from C$44.00 to C$35.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. TD Securities dropped their target price on Spin Master from C$46.00 to C$37.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. National Bankshares decreased their price target on shares of 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. Jefferies Financial Group dropped 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 research note on Thursday, April 17th. Finally, Stifel Nicolaus cut their target price on shares of Spin Master from C$45.00 to C$40.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th.

Insider Transactions at Spin Master

In other news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$25.34, for a total transaction of C$31,898.15. 2.20% of the stock is currently owned by company insiders.

Spin Master Stock Up 0.6 %

TSE:TOY traded up C$0.14 during trading hours on Thursday, hitting C$22.27. 100,316 shares of the stock traded hands, compared to its average volume of 105,740. The firm has a market cap of C$1.63 billion, a price-to-earnings ratio of 52.71, a PEG ratio of 0.57 and a beta of 1.86. The firm has a 50 day moving average price of C$25.46 and a 200 day moving average price of C$29.83. 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 has a fifty-two week low of C$20.97 and a fifty-two week high of C$35.44.

Spin Master Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, April 11th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.16%. The ex-dividend date was Friday, March 28th. Spin Master's dividend payout ratio is 113.60%.

Spin Master Company Profile

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.