Spin Master (TSE:TOY) Cut to "Hold" at Stifel Canada

Key Points

• Spin Master (TSE:TOY) has been downgraded from a "strong-buy" to a "hold" rating by analysts at Stifel Canada.
• Multiple research firms adjusted their price targets for Spin Master, with TD Securities lowering their target from C$32.00 to C$31.00 while maintaining a "buy" rating.
• Currently, Spin Master has a consensus rating of "Moderate Buy" and a target price of C$30.63, with shares opening at C$22.10.

Stifel Canada lowered shares of Spin Master (TSE:TOY - Free Report) from a strong-buy rating to a hold rating in a research report report published on Friday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the company. National Bankshares raised Spin Master from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from C$26.00 to C$29.00 in a research report on Thursday, May 8th. National Bank Financial upgraded shares of Spin Master from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Stifel Nicolaus lowered shares of Spin Master from a "buy" rating to a "hold" rating and reduced their target price for the company from C$33.00 to C$25.00 in a research note on Friday, August 1st. Cibc World Mkts raised Spin Master to a "hold" rating in a report on Tuesday, June 3rd. Finally, Jefferies Financial Group lowered their price target on 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. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$30.63.

Spin Master Trading Down 1.8%

Shares of TSE:TOY traded down C$0.40 during trading on Friday, reaching C$21.35. The stock had a trading volume of 224,889 shares, compared to its average volume of 140,166. The stock has a market cap of C$1.57 billion, a P/E ratio of 50.53, a PEG ratio of 0.57 and a beta of 1.86. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. Spin Master has a fifty-two week low of C$20.30 and a fifty-two week high of C$35.44. The business has a fifty day moving average price of C$24.04 and a 200-day moving average price of C$25.52.

Spin Master Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 11th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.2%. Spin Master's dividend payout ratio is presently 113.60%.

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).