Spin Master Corp. (TSE:TOY) Receives Consensus Rating of "Buy" from Brokerages

Shares of Spin Master Corp. (TSE:TOY - Get Free Report) have received a consensus recommendation of "Buy" from the eight analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$47.13.

TOY has been the subject of several research analyst reports. 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 for the company in a research note on Monday, March 18th. Jefferies Financial Group dropped their price objective on shares of Spin Master from C$41.00 to C$40.00 and set a "hold" rating for the company in a research note on Thursday, February 15th. TD Securities upgraded shares of Spin Master from a "buy" rating to an "action list buy" rating and cut their price target for the company from C$50.00 to C$48.00 in a research report on Wednesday, January 24th. National Bankshares lowered their target price on shares of Spin Master from C$42.00 to C$40.00 and set an "outperform" rating for the company in a research note on Friday, March 1st. Finally, CIBC lowered their price objective on shares of 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.

Spin Master Stock Down 2.5 %

TOY traded down C$0.85 on Thursday, reaching C$33.52. 161,408 shares of the company traded hands, compared to its average volume of 91,239. The stock's 50 day moving average price is C$34.10 and its 200-day moving average price is C$34.21. Spin Master has a 52-week low of C$31.43 and a 52-week high of C$39.55. The company has a market cap of C$1.18 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 2.98 and a beta of 1.87. The company has a debt-to-equity ratio of 4.38, a current ratio of 2.95 and a quick ratio of 2.06.

Spin Master (TSE:TOY - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of C$684.30 million during the quarter, compared to the consensus estimate of C$681.03 million. Spin Master had a net margin of 7.95% and a return on equity of 11.34%. On average, sell-side analysts expect that Spin Master will post 2.9905091 EPS for the current fiscal year.

Spin Master Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, April 12th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 0.72%. Spin Master's payout ratio is currently 12.37%.

Insider Activity at Spin Master

In related news, Senior Officer Chris Harrs sold 1,453 shares of the 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 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.