Spin Master (TSE:TOY) Sets New 12-Month Low - Here's Why

Key Points

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Shares of Spin Master Corp. (TSE:TOY - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$20.30 and last traded at C$22.44, with a volume of 174728 shares trading hands. The stock had previously closed at C$24.93.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. TD Securities lowered their price objective on Spin Master from C$32.00 to C$31.00 and set a "buy" rating on the stock in a research report on Friday. National Bank Financial raised Spin Master from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Stifel Nicolaus cut Spin Master from a "buy" rating to a "hold" rating and lowered their price target for the company from C$33.00 to C$25.00 in a report on Friday. Royal Bank Of Canada lowered their price target on Spin Master from C$32.00 to C$31.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Cibc World Mkts raised Spin Master to a "hold" rating in a report on Tuesday, June 3rd. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$30.63.

Spin Master Trading Down 3.1%

The stock has a fifty day moving average of C$24.17 and a 200 day moving average of C$25.61. The company has a market capitalization of C$1.62 billion, a P/E ratio of 52.30, a PEG ratio of 0.57 and a beta of 1.86. 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 declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, July 11th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, June 27th. Spin Master's dividend payout ratio is presently 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.