#7 - Spin Master (TSE:TOY)
Spin Master (TSE:TOY) Unicorns may not be real, but SpinMaster is banking on the fact that kids will still want their Llalacorn. This part unicorn, part llama toy is the latest in the company’s line of Hatchimals toys and launches in mid-September. The Llalacorn follows the company’s proven formula of being a cute toy that hatches from an egg. The egg takes around five minutes to hatch by tilting the egg back and forth. Each time the Llalacorn hatches it wakes up in one of 10 different moods. Walmart and Amazon are two retailers that have named the Hatchimals Wow Llamacorn as one of the 2019 Holiday season “hot toys”. This should increase the demand for the toy and provide a nice tailwind for the company’s stock price which has already seen a nice 12% gain for the year. A “Santa Claus rally” for the stock could put it close to the pace of the S&P 500 Index which is up 19.6% for the year.
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.
Read More - Current Price
- C$32.62
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 5 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- C$42.13 (29.1% Upside)
