Spin Master (TSE:TOY) Reaches New 1-Year Low – Time to Sell?

Spin Master Corp. (TSE:TOY)’s share price hit a new 52-week low on Tuesday . The stock traded as low as C$26.46 and last traded at C$26.52, with a volume of 20037 shares changing hands. The stock had previously closed at C$27.26.

Analysts Set New Price Targets

TOY has been the subject of several recent analyst reports. Royal Bank of Canada decreased their price target on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. TD Securities decreased their price target on Spin Master from C$46.00 to C$37.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Stifel Nicolaus dropped their price objective on Spin Master from C$45.00 to C$40.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. National Bankshares decreased their target price on Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group cut their price target on shares of Spin Master from C$44.00 to C$35.00 and set a “buy” rating for the company in a 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$37.75.

Spin Master Price Performance

The stock has a 50 day moving average of C$31.32 and a two-hundred day moving average of C$31.61. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. The stock has a market cap of C$1.92 billion, a PE ratio of 61.98, a PEG ratio of 0.57 and a beta of 1.86.

Spin Master Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.83%. Spin Master’s dividend payout ratio is 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.