Spin Master (TSE:TOY) Hits New 1-Year Low – Time to Sell?

Spin Master Corp. (TSE:TOY)’s stock price hit a new 52-week low on Thursday . The company traded as low as C$22.39 and last traded at C$22.49, with a volume of 72756 shares traded. The stock had previously closed at C$24.75.

Analyst Ratings Changes

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

Spin Master Stock Up 0.4 %

The company has a market cap of C$1.66 billion, a price-to-earnings ratio of 53.51, a P/E/G ratio of 0.57 and a beta of 1.86. The firm has a 50-day moving average price of C$27.86 and a 200 day moving average price of C$30.64. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06.

Spin Master Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, April 11th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, March 28th. This represents a $0.48 annualized dividend and a dividend yield of 2.12%. Spin Master’s dividend payout ratio is 113.60%.

Insider Activity at Spin Master

In related news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of C$25.34, for a total value of C$31,898.15. 2.20% 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.