Spin Master (TSE:TOY) Price Target Cut to C$46.00

Spin Master (TSE:TOY) had its price objective dropped by stock analysts at Royal Bank of Canada from C$47.00 to C$46.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock.

Separately, TD Securities set a C$46.00 target price on Spin Master and gave the stock a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Spin Master currently has an average rating of “Moderate Buy” and an average price target of C$42.14.

Spin Master Price Performance

The stock has a fifty day moving average price of C$31.37 and a 200 day moving average price of C$30.69. The company has a current ratio of 1.02, a quick ratio of 2.06 and a debt-to-equity ratio of 47.83. The company has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 54.37, a P/E/G ratio of 0.57 and a beta of 1.86. Spin Master has a 12-month low of C$27.52 and a 12-month high of C$37.35.

Spin Master (TSE:TOY) last released its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.03). Spin Master had a net margin of 2.37% and a return on equity of 3.56%. The firm had revenue of C$563.71 million for the quarter, compared to analysts’ expectations of C$583.31 million. Equities analysts anticipate that Spin Master will post 3.1361829 earnings per share for the current year.

Insider Transactions at Spin Master

In related news, Director Chi Wah Yuen sold 4,704 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$31.45, for a total transaction of C$147,963.85. In other Spin Master news, Senior Officer Douglas Wadleigh sold 2,094 shares of Spin Master stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$29.70, for a total value of C$62,187.19. Also, Director Chi Wah Yuen sold 4,704 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$31.45, for a total transaction of C$147,963.85. Over the last three months, insiders have sold 33,498 shares of company stock valued at $1,063,920. 2.20% of the stock is currently owned by insiders.

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.