Spin Master (TSE:TOY) Hits New 1-Year Low – Should You Sell?

Spin Master Corp. (TSE:TOY)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as C$18.29 and last traded at C$17.84, with a volume of 500782 shares traded. The stock had previously closed at C$18.48.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TOY. TD Securities cut their price target on Spin Master from C$30.00 to C$26.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Royal Bank Of Canada cut 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 Friday, March 6th. Canaccord Genuity Group reduced their price target on shares of Spin Master from C$22.00 to C$20.00 and set a “hold” rating on the stock in a research report on Friday, March 6th. Stifel Nicolaus upped their price target on shares of Spin Master from C$20.00 to C$21.00 and gave the company a “hold” rating in a research note on Friday, March 6th. Finally, ATB Cormark Capital Markets increased their price objective on shares of Spin Master from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Spin Master has an average rating of “Moderate Buy” and a consensus target price of C$27.22.

Spin Master Trading Down 3.5%

The stock has a market cap of C$1.79 billion, a PE ratio of -12.22, a PEG ratio of 0.57 and a beta of 0.75. The company has a debt-to-equity ratio of 37.50, a quick ratio of 2.06 and a current ratio of 1.14. The stock has a fifty day moving average price of C$19.26 and a 200 day moving average price of C$19.95.

Spin Master (TSE:TOY) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.56 earnings per share (EPS) for the quarter. The company had revenue of C$818.82 million during the quarter. Spin Master had a negative return on equity of 11.45% and a negative net margin of 7.22%. Equities analysts expect that Spin Master Corp. will post 3.1361829 EPS for the current year.

Spin Master Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, April 10th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, March 27th. Spin Master’s dividend payout ratio is -23.66%.

About Spin Master

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.