Spin Master Corp. (TSE:TOY) Receives C$44.63 Consensus Price Target from Brokerages

Shares of Spin Master Corp. (TSE:TOY - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$44.63.

A number of equities analysts have recently weighed in on TOY shares. CIBC lowered their target price on Spin Master from C$41.00 to C$37.00 in a research note on Thursday, May 9th. TD Securities lowered their price target on shares of Spin Master from C$48.00 to C$46.00 and set a "buy" rating on the stock in a research report on Thursday, May 9th. Royal Bank of Canada increased their target price on shares of Spin Master from C$46.00 to C$47.00 in a research report on Wednesday, July 24th. Stifel Nicolaus dropped their price target on shares of Spin Master from C$50.00 to C$45.00 in a research report on Thursday, May 9th. Finally, National Bank Financial downgraded Spin Master from an "outperfrom under weight" rating to a "sector perform under weight" rating in a research report on Wednesday, May 8th.

Insider Transactions at Spin Master

In other Spin Master news, Senior Officer Tara Lise Deakin sold 2,000 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$33.27, for a total transaction of C$66,532.60. In other Spin Master news, Director Chi Wah Yuen sold 4,704 shares of the business's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$31.45, for a total transaction of C$147,963.85. Also, Senior Officer Tara Lise Deakin sold 2,000 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$33.27, for a total value of C$66,532.60. In the last quarter, insiders sold 31,404 shares of company stock valued at $1,001,732. Corporate insiders own 2.20% of the company's stock.

Spin Master Stock Up 1.3 %

TOY stock traded up C$0.40 during midday trading on Friday, hitting C$32.29. The company's stock had a trading volume of 116,200 shares, compared to its average volume of 91,414. 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 has a twelve month low of C$27.52 and a twelve month high of C$37.73. The company's fifty day moving average price is C$30.48 and its 200 day moving average price is C$31.24. The stock has a market capitalization of C$1.12 billion, a P/E ratio of 56.65, a PEG ratio of 0.57 and a beta of 1.87.

Spin Master (TSE:TOY - Get Free Report) last issued its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.03). Spin Master had a net margin of 2.37% and a return on equity of 3.56%. The firm had revenue of C$563.71 million during the quarter, compared to analyst estimates of C$583.31 million. As a group, equities research analysts predict that Spin Master will post 2.9961832 EPS for the current year.

Spin Master Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, July 12th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, June 28th. This is a boost from Spin Master's previous quarterly dividend of $0.06. This represents a $0.48 annualized dividend and a yield of 1.49%. Spin Master's dividend payout ratio is presently 84.21%.

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.