Spin Master (TSE:TOY) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened
by Amy Steele · The Cerbat GemShares of Spin Master Corp. (TSE:TOY – Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$18.53 and traded as low as C$18.41. Spin Master shares last traded at C$18.68, with a volume of 414,311 shares changing hands.
Analysts Set New Price Targets
Several research analysts have recently weighed in on TOY shares. Canaccord Genuity Group lowered their price target on shares of Spin Master from C$22.00 to C$20.00 and set a “hold” rating on the stock in a research report on Friday, March 6th. ATB Cormark Capital Markets boosted their price target on shares of Spin Master from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Jefferies Financial Group boosted their price target on shares of Spin Master from C$23.00 to C$26.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Royal Bank Of Canada lowered their price target on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. Finally, Stifel Nicolaus boosted their price target on shares of Spin Master from C$20.00 to C$21.00 and gave the company a “hold” rating in a research report on Friday, March 6th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$27.22.
Read Our Latest Report on Spin Master
Spin Master Price Performance
The company has a debt-to-equity ratio of 35.23, a current ratio of 1.10 and a quick ratio of 2.06. The company has a market capitalization of C$1.88 billion, a PE ratio of -12.13, a price-to-earnings-growth ratio of 0.57 and a beta of 0.80. The stock’s 50 day simple moving average is C$18.53 and its 200-day simple moving average is C$19.21.
Spin Master (TSE:TOY – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported C($0.33) earnings per share (EPS) for the quarter. Spin Master had a negative return on equity of 12.40% and a negative net margin of 7.69%.The business had revenue of C$456.71 million for the quarter. As a group, equities analysts forecast that Spin Master Corp. will post 3.1361829 earnings per share for the current fiscal year.
Spin Master Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, April 10th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, March 27th. Spin Master’s dividend payout ratio is presently -22.58%.
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.