Spin Master (TSE:TOY) Price Target Cut to C$27.00 by Analysts at Royal Bank Of Canada

Spin Master (TSE:TOY) had its target price trimmed by Royal Bank Of Canada from C$29.00 to C$27.00 in a research note published on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research firms also recently weighed in on TOY. Cormark cut their price target on Spin Master from C$44.00 to C$39.00 in a research note on Friday, October 31st. Seaport Research Partners raised shares of Spin Master to a “strong-buy” rating in a research report on Monday, November 10th. TD Securities decreased their target price on shares of Spin Master from C$30.00 to C$26.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Jefferies Financial Group cut their price target on shares of Spin Master from C$28.00 to C$26.00 in a report on Friday, October 31st. Finally, National Bankshares reduced their price objective on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Spin Master currently has a consensus rating of “Moderate Buy” and an average price target of C$26.63.

Spin Master Trading Up 1.0%

Shares of TSE:TOY opened at C$19.10 on Tuesday. The firm has a fifty day moving average of C$19.75 and a two-hundred day moving average of C$20.81. 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 12-month low of C$18.46 and a 12-month high of C$31.54. The firm has a market capitalization of C$1.92 billion, a P/E ratio of 35.37, a price-to-earnings-growth ratio of 0.57 and a beta of 0.61.

Spin Master (TSE:TOY) last announced its quarterly earnings data on Thursday, October 30th. The company reported C$1.11 earnings per share (EPS) for the quarter. The business had revenue of C$1.02 billion during the quarter. Spin Master had a return on equity of 2.24% and a net margin of 1.45%. On average, equities analysts expect that Spin Master will post 3.1361829 EPS for the current fiscal year.

Spin Master Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, January 9th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, December 24th. Spin Master’s dividend payout ratio (DPR) 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.