Spin Master (TSE:TOY) Sets New 52-Week Low – Here’s Why

Shares of Spin Master Corp. (TSE:TOY) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$18.46 and last traded at C$18.61, with a volume of 58707 shares trading hands. The stock had previously closed at C$19.11.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Seaport Research Partners upgraded Spin Master to a “strong-buy” rating in a report on Monday, November 10th. Royal Bank Of Canada dropped their price objective on Spin Master from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. TD Securities cut their price objective on shares of Spin Master from C$30.00 to C$26.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Finally, National Bank Financial lowered their target price on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a report on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$26.63.

Spin Master Trading Down 1.2%

The firm has a market capitalization of C$1.90 billion, a P/E ratio of 34.98, a price-to-earnings-growth ratio of 0.57 and a beta of 0.61. The firm has a fifty day simple moving average of C$19.47 and a two-hundred day simple moving average of C$20.29. The company has a debt-to-equity ratio of 39.76, a current ratio of 1.13 and a quick ratio of 2.06.

Spin Master Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, January 9th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.48 annualized dividend and a yield of 2.5%. Spin Master’s dividend payout ratio is 63.22%.

Spin Master Company Profile

Spin Master is a children’s entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik’s, Swimways, and Cardinal Games.