Shares of Spin Master Corp. (TSE:TOY - Get Free Report) have been given an average rating of "Moderate Buy" by the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$42.13.
TOY has been the subject of several research reports. Royal Bank of Canada reduced their price objective on Spin Master from C$46.00 to C$43.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. TD Securities set a C$46.00 price target on Spin Master and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Finally, Cormark raised their target price on shares of Spin Master from C$42.00 to C$45.00 in a report on Friday, November 1st.
View Our Latest Report on TOY
Insiders Place Their Bets
In related news, Senior Officer Douglas Wadleigh sold 2,094 shares of the firm's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$29.70, for a total value of C$62,187.19. Also, Director Chi Wah Yuen sold 4,704 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$31.45, for a total transaction of C$147,963.85. Insiders sold 33,598 shares of company stock worth $1,066,982 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.
Spin Master Stock Performance
Shares of TSE TOY traded down C$0.44 during midday trading on Friday, hitting C$31.29. 34,639 shares of the company's stock were exchanged, compared to its average volume of 86,809. Spin Master has a twelve month low of C$27.52 and a twelve month high of C$36.82. The company has a debt-to-equity ratio of 47.83, a current ratio of 1.02 and a quick ratio of 2.06. The firm has a market cap of C$1.09 billion, a P/E ratio of 54.89, a PEG ratio of 0.57 and a beta of 1.86. The stock's 50 day moving average price is C$31.26 and its 200-day moving average price is C$30.49.
Spin Master Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, December 27th. Spin Master's dividend payout ratio is currently 84.21%.
About Spin Master
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Get Free ReportSpin 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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