Spin Master Corp. (TSE:TOY - Get Free Report)'s share price rose 0.3% on Friday . The stock traded as high as C$34.96 and last traded at C$34.57. Approximately 57,854 shares traded hands during trading, a decline of 32% from the average daily volume of 84,945 shares. The stock had previously closed at C$34.47.
Wall Street Analyst Weigh In
Several brokerages have issued reports on TOY. Royal Bank of Canada reduced their price objective on 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. TD Securities set a C$46.00 price target on shares of Spin Master and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Finally, Cormark boosted their target price on shares of Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$42.13.
Get Our Latest Report on Spin Master
Spin Master Trading Up 0.3 %
The business has a 50 day simple moving average of C$31.86 and a 200-day simple moving average of C$30.70. The stock has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 60.65, a PEG ratio of 0.57 and a beta of 1.86. The company has a debt-to-equity ratio of 47.83, a current ratio of 1.02 and a quick ratio of 2.06.
Spin Master Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a $0.12 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.48 annualized dividend and a yield of 1.39%. Spin Master's dividend payout ratio is currently 84.21%.
Insiders Place Their Bets
In related news, Senior Officer Douglas Wadleigh sold 2,094 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$29.70, for a total transaction of C$62,187.19. Corporate insiders own 2.20% of the company's stock.
About Spin Master
(
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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.
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