Spin Master (TSE:TOY) Sets New 12-Month Low After Analyst Downgrade

Key Points

• Spin Master Corp. reached a new 52-week low of C$18.98 after TD Securities downgraded their price target for the stock from C$31.00 to C$29.00.
• Multiple analysts have decreased their target prices on Spin Master, with National Bankshares lowering it to C$27.00 and Canaccord cutting it to C$24.00.
• The company announced a quarterly dividend of $0.12 per share, yielding 2.5%, which will be paid to shareholders on October 10th.

Shares of Spin Master Corp. (TSE:TOY - Get Free Report) reached a new 52-week low during mid-day trading on Thursday after TD Securities lowered their price target on the stock from C$31.00 to C$29.00. TD Securities currently has a buy rating on the stock. Spin Master traded as low as C$18.98 and last traded at C$19.02, with a volume of 78740 shares trading hands. The stock had previously closed at C$19.36.

A number of other analysts have also recently commented on the stock. National Bankshares reduced their target price on shares of Spin Master from C$29.00 to C$27.00 and set an "outperform" rating for the company in a report on Friday, September 26th. Canaccord Genuity Group reduced their target price on shares of Spin Master from C$26.00 to C$24.00 and set a "hold" rating for the company in a report on Friday, August 1st. Stifel Canada downgraded shares of Spin Master from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Stifel Nicolaus cut shares of Spin Master from a "buy" rating to a "hold" rating and lowered their target price for the company from C$33.00 to C$25.00 in a research note on Friday, August 1st. Finally, CIBC lowered their target price on shares of Spin Master from C$26.00 to C$23.00 in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$29.50.

Spin Master Stock Down 2.0%

The business's 50 day moving average is C$21.84 and its 200 day moving average is C$23.26. The company has a market capitalization of C$1.92 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 0.57 and a beta of 0.47. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14.

Spin Master Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, September 26th. Spin Master's payout ratio 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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