Spin Master (TSE:TOY) Price Target Lowered to C$48.00 at Stifel Nicolaus

Spin Master (TSE:TOYGet Rating) had its price objective trimmed by Stifel Nicolaus from C$51.00 to C$48.00 in a research report report published on Tuesday, BayStreet.CA reports.

A number of other research firms also recently weighed in on TOY. National Bank Financial downgraded shares of Spin Master from an outperfrom under weight rating to a sector perform under weight rating in a research report on Wednesday, November 2nd. CIBC cut shares of Spin Master from an outperform rating to a neutral rating and dropped their price objective for the stock from C$62.00 to C$40.00 in a research note on Friday, November 4th. Scotiabank decreased their target price on shares of Spin Master from C$58.00 to C$56.00 in a report on Monday, October 31st. Royal Bank of Canada decreased their price target on shares of Spin Master from C$65.00 to C$61.00 and set an outperform rating on the stock in a report on Wednesday, November 2nd. Finally, TD Securities raised shares of Spin Master from a hold rating to a buy rating and set a C$45.00 price target on the stock in a report on Wednesday, December 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of C$53.60.

Spin Master Price Performance

Shares of TOY stock opened at C$34.00 on Tuesday. Spin Master has a 1 year low of C$30.63 and a 1 year high of C$51.41. The firm’s 50 day moving average is C$33.28 and its 200-day moving average is C$40.82. The firm has a market capitalization of C$3.50 billion and a price-to-earnings ratio of 8.81. The company has a current ratio of 2.49, a quick ratio of 2.06 and a debt-to-equity ratio of 5.75.

Spin Master (TSE:TOYGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported C$1.41 earnings per share for the quarter, beating the consensus estimate of C$1.32 by C$0.09. The business had revenue of C$814.21 million during the quarter, compared to analyst estimates of C$890.41 million. Sell-side analysts forecast that Spin Master will post 2.9699999 EPS for the current fiscal year.

Spin Master Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, January 13th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, December 29th. Spin Master’s dividend payout ratio (DPR) is presently 1.14%.

Insider Buying and Selling at Spin Master

In other Spin Master news, Senior Officer Fredrik Lennart Loving sold 3,693 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of C$31.89, for a total transaction of C$117,783.80. Following the sale, the insider now directly owns 3,693 shares of the company’s stock, valued at C$117,783.80. In other news, Senior Officer Fredrik Lennart Loving sold 3,693 shares of the stock in a transaction dated Friday, November 18th. The shares were sold at an average price of C$31.89, for a total value of C$117,783.80. Following the sale, the insider now directly owns 3,693 shares of the company’s stock, valued at C$117,783.80. Also, Senior Officer Laura Henderson sold 2,421 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of C$31.98, for a total transaction of C$77,414.38. Following the completion of the sale, the insider now directly owns 4,907 shares in the company, valued at C$156,907.21.

Spin Master Company Profile

(Get Rating)

Spin Master Corp., a children's entertainment company, creates, designs, manufactures, licenses, and markets various toys, entertainment franchises, and digital games in North America, Europe, and internationally. Its product categories include activities, games and puzzles, and plush; preschool, dolls, and interactive; wheels and action; and outdoor.

Further Reading

Analyst Recommendations for Spin Master (TSE:TOY)

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