Brokerages Set Spin Master Corp. (TSE:TOY) Target Price at C$47.13

Spin Master Corp. (TSE:TOY) has been given a consensus recommendation of “Buy” by the eight research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$47.13.

Several brokerages have recently issued reports on TOY. Canaccord Genuity Group decreased their price target on shares of Spin Master from C$52.00 to C$51.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. TD Securities upgraded shares of Spin Master from a “buy” rating to an “action list buy” rating and decreased their price target for the stock from C$50.00 to C$48.00 in a research note on Wednesday, January 24th. Royal Bank of Canada decreased their price target on shares of Spin Master from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research note on Monday, March 18th. CIBC decreased their price target on shares of Spin Master from C$44.00 to C$41.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Finally, National Bankshares decreased their price target on shares of Spin Master from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research note on Friday, March 1st.

Insider Buying and Selling at Spin Master

In other Spin Master news, Senior Officer Chris Harrs sold 1,453 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$33.25, for a total value of C$48,312.25. Insiders own 1.59% of the company’s stock.

Spin Master Price Performance

Shares of TSE TOY opened at C$30.50 on Monday. The company has a debt-to-equity ratio of 4.38, a quick ratio of 2.06 and a current ratio of 2.95. The stock has a market cap of C$1.07 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 2.98 and a beta of 1.87. Spin Master has a fifty-two week low of C$29.79 and a fifty-two week high of C$39.55. The firm’s 50-day simple moving average is C$32.68 and its 200 day simple moving average is C$33.76.

Spin Master (TSE:TOY) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.26 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.12. The firm had revenue of C$684.30 million during the quarter, compared to analyst estimates of C$681.03 million. Spin Master had a net margin of 7.95% and a return on equity of 11.34%. As a group, research analysts anticipate that Spin Master will post 2.9973592 earnings per share for the current fiscal year.

Spin Master Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 12th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, March 27th. Spin Master’s payout ratio is 12.37%.

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.