Spin Master (TSE:TOY) Price Target Cut to C$26.00 by Analysts at TD Securities

Spin Master (TSE:TOY) had its price target cut by TD Securities from C$30.00 to C$26.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms have also recently weighed in on TOY. Seaport Research Partners upgraded Spin Master to a “strong-buy” rating in a report on Monday, November 10th. Cormark lowered their target price on Spin Master from C$44.00 to C$39.00 in a report on Friday, October 31st. CIBC raised their price target on Spin Master from C$23.00 to C$25.00 in a research report on Friday, October 31st. Jefferies Financial Group cut their price target on Spin Master from C$28.00 to C$26.00 in a research note on Friday, October 31st. Finally, Canaccord Genuity Group lowered their price objective on shares of Spin Master from C$24.00 to C$20.00 in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$26.88.

Spin Master Stock Performance

Shares of TOY opened at C$18.80 on Thursday. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. Spin Master has a 52-week low of C$18.46 and a 52-week high of C$32.17. The company has a 50-day simple moving average of C$19.80 and a 200-day simple moving average of C$21.00. The company has a market capitalization of C$1.89 billion, a PE ratio of 34.81, a P/E/G ratio of 0.57 and a beta of 0.66.

Spin Master (TSE:TOY) last issued its earnings results on Thursday, October 30th. The company reported C$1.11 earnings per share for the quarter. Spin Master had a net margin of 1.45% and a return on equity of 2.24%. The company had revenue of C$1.02 billion for the quarter. Equities research analysts predict that Spin Master will post 3.1361829 earnings per share for the current fiscal year.

Spin Master Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, January 9th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, December 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. Spin Master’s payout ratio is 63.22%.

Spin Master Company Profile

Spin Master is a children’s entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik’s, Swimways, and Cardinal Games.