Spin Master (TSE:TOY) Reaches New 52-Week Low – Time to Sell?

Spin Master Corp. (TSE:TOY) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$25.04 and last traded at C$25.91, with a volume of 84059 shares trading hands. The stock had previously closed at C$25.41.

Analysts Set New Price Targets

TOY has been the topic of a number of research reports. National Bankshares decreased their target price on shares of Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 26th. Canaccord Genuity Group reduced their price objective on Spin Master from C$44.00 to C$35.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their target price on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Stifel Nicolaus cut their target price on Spin Master from C$45.00 to C$40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, TD Securities lowered their price target on shares of Spin Master from C$46.00 to C$37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$37.75.

Spin Master Trading Up 2.0 %

The business has a fifty day moving average price of C$29.80 and a two-hundred day moving average price of C$31.30. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. The firm has a market capitalization of C$1.90 billion, a PE ratio of 61.32, a PEG ratio of 0.57 and a beta of 1.86.

Spin Master Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.85%. The ex-dividend date is Friday, March 28th. Spin Master’s dividend payout ratio (DPR) is presently 113.60%.

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.