Spin Master (TSE:TOY) Sets New 12-Month Low - Here's What Happened

Spin Master Corp. (TSE:TOY - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as C$25.04 and last traded at C$25.91, with a volume of 84059 shares trading hands. The stock had previously closed at C$25.41.

Wall Street Analyst Weigh In

A number of research firms have commented on TOY. Stifel Nicolaus reduced their price objective on shares of Spin Master from C$45.00 to C$40.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Canaccord Genuity Group reduced their price target on shares of 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. Royal Bank of Canada reduced 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 research report on Wednesday, February 26th. TD Securities dropped their price objective on shares of Spin Master from C$46.00 to C$37.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, National Bankshares dropped their price objective on shares of Spin Master from C$35.00 to C$32.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$37.75.

Spin Master Stock Performance

The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. The company's 50-day moving average price is C$29.36 and its two-hundred day moving average price is C$31.17. The company has a market cap of C$1.86 billion, a P/E ratio of 60.11, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

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Spin Master Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, April 11th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, March 28th. Spin Master's payout ratio is 113.60%.

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.