Spin Master Corp. (TSE:TOY) Given Average Rating of "Moderate Buy" by Analysts

Shares of Spin Master Corp. (TSE:TOY - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$42.13.

A number of equities analysts have weighed in on TOY shares. Cormark upped their price target on Spin Master from C$42.00 to C$45.00 in a report on Friday, November 1st. TD Securities set a C$46.00 target price on shares of Spin Master and gave the company a "buy" rating in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada dropped their price target on shares of Spin Master from C$46.00 to C$43.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st.

Spin Master Stock Down 2.6 %

Shares of TOY traded down C$0.90 during midday trading on Tuesday, reaching C$33.91. 212,022 shares of the company were exchanged, compared to its average volume of 85,554. The company has a current ratio of 1.02, a quick ratio of 2.06 and a debt-to-equity ratio of 47.83. Spin Master has a 1-year low of C$27.52 and a 1-year high of C$36.82. The company has a market cap of C$1.18 billion, a price-to-earnings ratio of 59.49, a P/E/G ratio of 0.57 and a beta of 1.86. The stock has a 50-day moving average price of C$31.95 and a 200-day moving average price of C$30.77.

Spin Master Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, December 27th. Spin Master's payout ratio is currently 84.21%.

Insiders Place Their Bets

In other Spin Master news, Senior Officer Douglas Wadleigh sold 2,094 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$29.70, for a total value of C$62,187.19. 2.20% of the stock is currently owned by company insiders.

Spin Master Company Profile

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.