Insider Selling: Spin Master Corp. (TSE:TOY) Senior Officer Sells C$787,235.93 in Stock

Spin Master Corp. (TSE:TOY) Senior Officer Tara Lise Deakin sold 24,700 shares of Spin Master stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$31.87, for a total value of C$787,235.93.

Tara Lise Deakin also recently made the following trade(s):

• On Tuesday, August 27th, Tara Lise Deakin sold 2,000 shares of Spin Master stock. The shares were sold at an average price of C$33.27, for a total transaction of C$66,532.60.

Spin Master Trading Up 1.3 %

Shares of Spin Master stock opened at C$32.29 on Friday. The firm’s 50 day simple moving average is C$30.48 and its two-hundred day simple moving average is C$31.24. The firm has a market capitalization of C$1.12 billion, a price-to-earnings ratio of 56.65, a PEG ratio of 0.57 and a beta of 1.87. Spin Master Corp. has a 12-month low of C$27.52 and a 12-month high of C$37.73. The company has a current ratio of 1.02, a quick ratio of 2.06 and a debt-to-equity ratio of 47.83.

Spin Master (TSE:TOY) last released its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.03). The firm had revenue of C$563.71 million during the quarter, compared to analyst estimates of C$583.31 million. Spin Master had a net margin of 2.37% and a return on equity of 3.56%. Analysts predict that Spin Master Corp. will post 2.9961832 EPS for the current year.

Spin Master Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, July 12th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.49%. This is a positive change from Spin Master’s previous quarterly dividend of $0.06. Spin Master’s dividend payout ratio is currently 84.21%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TOY. National Bankshares dropped their price objective on shares of Spin Master from C$40.00 to C$35.00 in a research note on Thursday, May 9th. CIBC cut their target price on Spin Master from C$41.00 to C$37.00 in a research note on Thursday, May 9th. Jefferies Financial Group decreased their price target on shares of Spin Master from C$40.00 to C$35.00 in a research report on Thursday, May 9th. National Bank Financial downgraded shares of Spin Master from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada increased their target price on shares of Spin Master from C$46.00 to C$47.00 in a research report on Wednesday, July 24th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Spin Master has a consensus rating of “Moderate Buy” and a consensus target price of C$44.63.

About Spin Master

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.