Spin Master (TSE:TOY) Reaches New 52-Week Low at $31.39

Spin Master Corp. (TSE:TOY - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$31.39 and last traded at C$31.43, with a volume of 26580 shares changing hands. The stock had previously closed at C$32.08.

Analyst Ratings Changes

A number of research analysts recently issued reports on TOY shares. National Bankshares decreased their price objective on shares of Spin Master from C$42.00 to C$40.00 and set an "outperform" rating on the stock in a research note on Friday, March 1st. TD Securities raised shares of Spin Master from a "buy" rating to an "action list buy" rating and decreased their price objective for the company from C$50.00 to C$48.00 in a research note on Wednesday, January 24th. Jefferies Financial Group cut their target price on shares of Spin Master from C$41.00 to C$40.00 and set a "hold" rating on the stock in a research report on Thursday, February 15th. Royal Bank of Canada cut their target price on shares of Spin Master from C$50.00 to C$46.00 and set an "outperform" rating on the stock in a research report on Monday, March 18th. Finally, Canaccord Genuity Group cut their target price on shares of Spin Master from C$52.00 to C$51.00 and set a "buy" rating on the stock in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$47.13.

Spin Master Stock Performance

The company has a current ratio of 2.95, a quick ratio of 2.06 and a debt-to-equity ratio of 4.38. The company's fifty day moving average is C$33.71 and its 200 day moving average is C$34.15. The company has a market cap of C$1.10 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 2.98 and a beta of 1.87.

Spin Master (TSE:TOY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.26 earnings per share for the quarter, beating the consensus estimate of C$0.14 by C$0.12. The business had revenue of C$684.30 million during the quarter, compared to analysts' expectations of C$681.03 million. Spin Master had a net margin of 7.95% and a return on equity of 11.34%. As a group, equities analysts predict that Spin Master Corp. will post 2.9973592 earnings per share for the current fiscal year.

Spin Master Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 12th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, March 27th. Spin Master's payout ratio is 12.37%.

Insider Buying and Selling

In related news, Senior Officer Chris Harrs sold 1,453 shares of the business's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$33.25, for a total transaction of C$48,312.25. 1.59% of the stock is currently owned by insiders.

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.