Spin Master (TSE:TOY) Share Price Crosses Below 50-Day Moving Average of $29.53

Spin Master Corp. (TSE:TOY)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$29.53 and traded as low as C$28.01. Spin Master shares last traded at C$28.11, with a volume of 79,812 shares.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Jefferies Financial Group dropped their target price on shares of Spin Master from C$40.00 to C$35.00 in a report on Thursday, May 9th. CIBC decreased their target price on Spin Master from C$41.00 to C$37.00 in a research note on Thursday, May 9th. 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. National Bankshares dropped their target price on shares of Spin Master from C$40.00 to C$35.00 in a research report on Thursday, May 9th. Finally, Stifel Nicolaus reduced their price target on shares of Spin Master from C$50.00 to C$45.00 in a report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$44.50.

Spin Master Trading Down 2.7 %

The company has a 50 day moving average of C$29.53 and a 200 day moving average of C$32.39. The firm has a market cap of C$989.47 million, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 0.58 and a beta of 1.87. The company has a current ratio of 1.09, a quick ratio of 2.06 and a debt-to-equity ratio of 46.93.

Spin Master (TSE:TOY) last issued its earnings results on Tuesday, May 7th. The company reported C($0.26) EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.32). The firm had revenue of C$426.28 million during the quarter, compared to analyst estimates of C$407.27 million. Spin Master had a net margin of 5.05% and a return on equity of 7.63%. As a group, research analysts anticipate that Spin Master Corp. will post 2.8894422 EPS for the current year.

Spin Master Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.71%. This is a boost from Spin Master’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, June 28th. Spin Master’s dividend payout ratio is currently 38.40%.

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.