Spin Master Corp. (TSE:TOY) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Spin Master Corp. (TSE:TOY - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$37.75.

TOY has been the subject of several recent research reports. Stifel Nicolaus reduced their target price 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. National Bankshares reduced their target price on Spin Master from C$35.00 to C$32.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Royal Bank of Canada lowered their price target on shares of 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 cut their price target on shares of Spin Master from C$46.00 to C$37.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group dropped their price target on Spin Master from C$44.00 to C$35.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th.

Spin Master Stock Up 0.5 %

Shares of TSE TOY traded up C$0.12 during trading on Friday, hitting C$25.75. The stock had a trading volume of 60,966 shares, compared to its average volume of 84,109. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06. The firm has a fifty day moving average of C$29.01 and a two-hundred day moving average of C$31.01. Spin Master has a 12 month low of C$25.00 and a 12 month high of C$35.44. The company has a market capitalization of C$1.89 billion, a PE ratio of 60.94, a PEG ratio of 0.57 and a beta of 1.86.

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Spin Master Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, April 11th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.86%. Spin Master's dividend payout ratio is presently 113.60%.

Insider Buying and Selling

In related news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the company's stock in a transaction 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 company 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.