Spin Master (TSE:TOY) Reaches New 12-Month Low - Time to Sell?

Shares of Spin Master Corp. (TSE:TOY - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as C$26.46 and last traded at C$26.52, with a volume of 20037 shares trading hands. The stock had previously closed at C$27.26.

Analysts Set New Price Targets

TOY has been the topic of a number of recent research reports. Canaccord Genuity Group dropped their price objective on Spin Master from C$44.00 to C$35.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. TD Securities dropped their price objective on Spin Master from C$46.00 to C$37.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus dropped their price objective on Spin Master from C$45.00 to C$40.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. National Bankshares dropped their price objective on Spin Master from C$35.00 to C$32.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada dropped their price objective on Spin Master from C$43.00 to C$41.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Spin Master has an average rating of "Moderate Buy" and a consensus target price of C$37.75.

Spin Master Stock Performance

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 market cap of C$1.95 billion, a price-to-earnings ratio of 62.81, a P/E/G ratio of 0.57 and a beta of 1.86. The firm has a fifty day simple moving average of C$31.18 and a two-hundred day simple moving average of C$31.57.

Spin Master Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Friday, December 27th. Spin Master's dividend payout ratio (DPR) is 113.60%.

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.