TD Securities set a C$46.00 price objective on Spin Master (TSE:TOY – Free Report) in a report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
Separately, Royal Bank of Canada increased their price objective on Spin Master from C$46.00 to C$47.00 in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$44.63.
Check Out Our Latest Report on TOY
Spin Master Trading Down 3.8 %
Spin Master (TSE:TOY – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.15 by C($0.03). Spin Master had a net margin of 2.37% and a return on equity of 3.56%. The firm had revenue of C$563.71 million for the quarter, compared to the consensus estimate of C$583.31 million.
Insider Activity
In other Spin Master news, Director Chi Wah Yuen sold 4,704 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$31.45, for a total transaction of C$147,963.85. In other news, Director Chi Wah Yuen sold 4,704 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$31.45, for a total transaction of C$147,963.85. Also, Senior Officer Tara Lise Deakin sold 2,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$33.27, for a total value of C$66,532.60. Insiders sold 33,498 shares of company stock worth $1,063,920 over the last three months. 2.20% of the stock is currently owned by corporate insiders.
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.
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