Spin Master (TSE:TOY) Shares Up 0.3% – Should You Buy?

Spin Master Corp. (TSE:TOY)’s share price was up 0.3% on Friday . The company traded as high as C$34.96 and last traded at C$34.57. Approximately 57,854 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 84,945 shares. The stock had previously closed at C$34.47.

Analyst Ratings Changes

A number of analysts recently commented on TOY shares. Cormark boosted their price objective on shares of Spin Master from C$42.00 to C$45.00 in a report on Friday, November 1st. Royal Bank of Canada decreased their price target on Spin Master from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, TD Securities set a C$46.00 price objective on Spin Master and gave the company a “buy” rating in a research note 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. According to MarketBeat.com, Spin Master has a consensus rating of “Moderate Buy” and a consensus target price of C$42.13.

Spin Master Trading Up 0.3 %

The company has a debt-to-equity ratio of 47.83, a quick ratio of 2.06 and a current ratio of 1.02. The business has a fifty day simple moving average of C$31.86 and a 200 day simple moving average of C$30.70. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of 60.65, a PEG ratio of 0.57 and a beta of 1.86.

Spin Master Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.39%. Spin Master’s dividend payout ratio (DPR) is 84.21%.

Insider Transactions at Spin Master

In other news, Senior Officer Douglas Wadleigh sold 2,094 shares of Spin Master stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$29.70, for a total value of C$62,187.19. Insiders own 2.20% of the company’s stock.

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.