Spin Master (TSE:TOY) Price Target Raised to C$45.00 at Cormark

Spin Master (TSE:TOY - Free Report) had its price objective boosted by Cormark from C$42.00 to C$45.00 in a research note released on Friday morning, BayStreet.CA reports. Cormark also issued estimates for Spin Master's Q3 2024 earnings at $2.17 EPS, FY2024 earnings at $2.75 EPS and FY2025 earnings at $2.70 EPS.

A number of other brokerages also recently issued reports on TOY. Royal Bank of Canada reduced their price target on shares of Spin Master from C$47.00 to C$46.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. TD Securities set a C$46.00 price objective on shares of Spin Master and gave the stock a "buy" rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$42.13.

Spin Master Stock Performance

TOY traded up C$1.27 during trading on Friday, hitting C$30.74. The company's stock had a trading volume of 138,901 shares, compared to its average volume of 88,395. The firm has a market cap of C$1.07 billion, a PE ratio of 53.93, a P/E/G ratio of 0.57 and a beta of 1.86. Spin Master has a one year low of C$27.52 and a one year high of C$36.82. The business's 50 day simple moving average is C$31.49 and its 200-day simple moving average is C$30.58. The company has a quick ratio of 2.06, a current ratio of 1.02 and a debt-to-equity ratio of 47.83.

Spin Master (TSE:TOY - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.15 by C($0.03). The firm had revenue of C$563.71 million for the quarter, compared to the consensus estimate of C$583.31 million. Spin Master had a net margin of 2.37% and a return on equity of 3.56%. As a group, sell-side analysts predict that Spin Master will post 3.1361829 EPS for the current fiscal year.

Spin Master Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.56%. Spin Master's dividend payout ratio is presently 84.21%.

Insider Buying and Selling

In related news, Senior Officer Douglas Wadleigh sold 2,094 shares of Spin Master stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$29.70, for a total transaction of C$62,187.19. In other Spin Master news, Senior Officer Tara Lise Deakin sold 2,000 shares of the company's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$33.27, for a total value of C$66,532.60. Also, Senior Officer Douglas Wadleigh sold 2,094 shares of the firm's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$29.70, for a total value of C$62,187.19. In the last ninety days, insiders sold 33,498 shares of company stock valued at $1,063,920. Company insiders own 2.20% of the company's stock.

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.