Spin Master (TSE:TOY) Price Target Cut to C$46.00 by Analysts at TD Securities

Spin Master (TSE:TOY) had its price objective decreased by TD Securities from C$48.00 to C$46.00 in a research report sent to investors on Thursday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. National Bankshares dropped their price target on shares of Spin Master from C$40.00 to C$35.00 in a research report on Thursday. Royal Bank of Canada cut their price target on shares of Spin Master from C$50.00 to C$46.00 and set an outperform rating on the stock in a report on Monday, March 18th. CIBC decreased their price objective on shares of Spin Master from C$41.00 to C$37.00 in a report on Thursday. Jefferies Financial Group cut their target price on shares of Spin Master from C$40.00 to C$35.00 in a research note on Thursday. Finally, Canaccord Genuity Group reduced their target price on Spin Master from C$52.00 to C$51.00 and set a buy rating on the stock in a report on Tuesday, January 23rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Spin Master has a consensus rating of Moderate Buy and a consensus price target of C$44.50.

Spin Master Price Performance

Shares of TOY stock traded up C$0.27 on Thursday, reaching C$29.28. The company’s stock had a trading volume of 128,022 shares, compared to its average volume of 106,650. The company has a market capitalization of C$1.03 billion, a P/E ratio of 15.09, a PEG ratio of 2.98 and a beta of 1.87. The company has a quick ratio of 2.06, a current ratio of 2.95 and a debt-to-equity ratio of 4.38. The stock’s 50 day simple moving average is C$32.33 and its 200-day simple moving average is C$33.55. Spin Master has a 12-month low of C$27.52 and a 12-month high of C$37.73.

Spin Master (TSE:TOY) last issued its quarterly earnings results 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. Spin Master had a return on equity of 11.34% and a net margin of 7.95%. The firm had revenue of C$684.30 million during the quarter, compared to analyst estimates of C$681.03 million. As a group, equities analysts predict that Spin Master will post 2.9973592 earnings per share for the current fiscal year.

Spin Master Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.64%. This is an increase from Spin Master’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, June 28th. Spin Master’s payout ratio is 12.37%.

Insider Transactions at Spin Master

In other news, Senior Officer Chris Harrs sold 1,453 shares of Spin Master stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$33.25, for a total value of C$48,312.25. Insiders own 1.59% of the company’s stock.

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.