Spin Master (TSE:TOY) Hits New 1-Year Low on Analyst Downgrade

Key Points

• Spin Master shares reached a new 52-week low of C$20.15 after National Bankshares downgraded their price target from C$29.00 to C$27.00, though they maintain an outperform rating.
• Multiple analysts have revised their price targets for Spin Master, with Canaccord Genuity lowering their target from C$26.00 to C$24.00 and Stifel Nicolaus cutting theirs from C$33.00 to C$25.00 while downgrading the stock to a hold rating.
• Spin Master has declared a quarterly dividend of $0.12 per share, resulting in a dividend yield of 2.4%, with the payout scheduled for October 10th.

Spin Master Corp. (TSE:TOY - Get Free Report) shares hit a new 52-week low on Friday after National Bankshares lowered their price target on the stock from C$29.00 to C$27.00. National Bankshares currently has an outperform rating on the stock. Spin Master traded as low as C$20.15 and last traded at C$20.16, with a volume of 197124 shares. The stock had previously closed at C$20.98.

TOY has been the topic of a number of other reports. Canaccord Genuity Group decreased their price objective on Spin Master from C$26.00 to C$24.00 and set a "hold" rating on the stock in a report on Friday, August 1st. TD Securities cut their price target on shares of Spin Master from C$32.00 to C$31.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Cibc World Mkts raised shares of Spin Master to a "hold" rating in a research report on Tuesday, June 3rd. Stifel Nicolaus lowered shares of Spin Master from a "buy" rating to a "hold" rating and cut their price target for the company from C$33.00 to C$25.00 in a research note on Friday, August 1st. Finally, Stifel Canada cut Spin Master from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$30.38.

Spin Master Stock Performance

The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. The firm has a market cap of C$2.00 billion, a P/E ratio of 23.78, a P/E/G ratio of 0.57 and a beta of 0.66. The company's 50 day moving average is C$22.92 and its 200 day moving average is C$23.64.

Spin Master Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, September 26th. Spin Master's dividend payout ratio (DPR) is presently 41.44%.

About Spin Master

Spin Master is a children's entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush).

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