Spin Master (TSE:TOY) Reaches New 52-Week Low at $29.21

Shares of Spin Master Corp. (TSE:TOY - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$29.21 and last traded at C$29.62, with a volume of 53528 shares changing hands. The stock had previously closed at C$30.26.

Analyst Upgrades and Downgrades

TOY has been the subject of a number of analyst reports. CIBC reduced their price objective on Spin Master from C$44.00 to C$41.00 and set an "outperform" rating for the company in a research report on Friday, March 1st. Canaccord Genuity Group reduced their price target on Spin Master from C$52.00 to C$51.00 and set a "buy" rating for the company in a report on Tuesday, January 23rd. Royal Bank of Canada dropped their price target on shares of Spin Master from C$50.00 to C$46.00 and set an "outperform" rating on the stock in a research note on Monday, March 18th. Jefferies Financial Group cut their price objective 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. Finally, TD Securities raised shares of Spin Master from a "buy" rating to an "action list buy" rating and decreased their target price for the stock from C$50.00 to C$48.00 in a report on Wednesday, January 24th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Spin Master has an average rating of "Buy" and a consensus target price of C$47.13.

Spin Master Stock Performance

The business's fifty day moving average price is C$32.54 and its 200-day moving average price is C$33.67. The stock has a market cap of C$1.03 billion, a PE ratio of 15.60, a P/E/G ratio of 2.98 and a beta of 1.87. The company has a debt-to-equity ratio of 4.38, a quick ratio of 2.06 and a current ratio of 2.95.

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

Spin Master Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, April 12th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, March 27th. Spin Master's payout ratio is currently 12.37%.

Insider Activity at Spin Master

In other news, Senior Officer Chris Harrs sold 1,453 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$33.25, for a total value of C$48,312.25. 1.59% of the stock is owned by company 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.