Spin Master (TSE:TOY) Hits New 1-Year Low – Here’s Why

Spin Master Corp. (TSE:TOY)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$25.59 and last traded at C$25.95, with a volume of 14671 shares trading hands. The stock had previously closed at C$26.10.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TOY shares. TD Securities cut their price target on Spin Master from C$46.00 to C$37.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Royal Bank of Canada dropped their target price on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. National Bankshares reduced their price target on shares of Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a report on Wednesday, February 26th. Canaccord Genuity Group lowered their price target on shares of Spin Master from C$44.00 to C$35.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus cut their price objective on shares of Spin Master from C$45.00 to C$40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$37.75.

Spin Master Price Performance

The business has a fifty day moving average price of C$30.29 and a 200 day moving average price of C$31.41. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06. The company has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 60.40, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

Spin Master Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, December 27th. Spin Master’s dividend payout ratio (DPR) 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.