Spin Master Corp. (TSE:TOY) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Spin Master Corp. (TSE:TOY) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$42.13.

A number of analysts recently weighed in on the stock. Cormark increased their price target on shares of Spin Master from C$42.00 to C$45.00 in a research report on Friday, November 1st. Royal Bank of Canada dropped their price target on Spin Master from C$46.00 to C$43.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, TD Securities set a C$46.00 price target on shares of Spin Master and gave the company a “buy” rating in a research note on Tuesday, September 24th.

Spin Master Stock Performance

Spin Master stock opened at C$31.73 on Friday. The company has a current ratio of 1.02, a quick ratio of 2.06 and a debt-to-equity ratio of 47.83. Spin Master has a 1 year low of C$27.52 and a 1 year high of C$36.82. The company has a market cap of C$1.10 billion, a PE ratio of 55.67, a PEG ratio of 0.57 and a beta of 1.86. The company’s 50-day moving average is C$31.27 and its two-hundred day moving average is C$30.49.

Spin Master Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, December 27th. Spin Master’s dividend payout ratio is presently 84.21%.

Insider Activity

In other news, Senior Officer Tara Lise Deakin sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$33.27, for a total transaction of C$66,532.60. Also, Director Chi Wah Yuen sold 4,704 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$31.45, for a total value of C$147,963.85. Insiders sold 33,598 shares of company stock worth $1,066,982 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

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.