Spin Master Corp. (TSE:TOY – Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$18.66 and traded as low as C$18.52. Spin Master shares last traded at C$18.66, with a volume of 202,190 shares changing hands.
Analysts Set New Price Targets
A number of brokerages recently issued reports on TOY. Royal Bank Of Canada dropped their price objective on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a report on Friday, March 6th. ATB Cormark Capital Markets raised their price objective on shares of Spin Master from C$36.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Jefferies Financial Group raised their price objective on shares of Spin Master from C$23.00 to C$26.00 and gave the company a “buy” rating in a report on Friday, May 1st. Canaccord Genuity Group dropped their price objective on shares of Spin Master from C$22.00 to C$20.00 and set a “hold” rating for the company in a report on Friday, March 6th. Finally, Stifel Nicolaus raised their price objective on shares of Spin Master from C$20.00 to C$21.00 and gave the company a “hold” rating in a report on Friday, March 6th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$27.22.
Get Our Latest Analysis on Spin Master
Spin Master Trading Down 1.3%
Spin Master (TSE:TOY – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported C($0.33) earnings per share for the quarter. The firm had revenue of C$456.71 million for the quarter. Spin Master had a negative net margin of 7.69% and a negative return on equity of 12.40%. Analysts predict that Spin Master Corp. will post 3.1361829 EPS for the current year.
Spin Master Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, April 10th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, March 27th. Spin Master’s dividend payout ratio is currently -22.58%.
About Spin Master
Spin Master is a children’s entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik’s, Swimways, and Cardinal Games.
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