Spin Master (TSE:TOY) Hits New 12-Month Low – Time to Sell?

Shares of Spin Master Corp. (TSE:TOY) reached a new 52-week low on Friday . The stock traded as low as C$24.90 and last traded at C$24.99, with a volume of 28648 shares traded. The stock had previously closed at C$25.39.

Wall Street Analyst Weigh In

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

Spin Master Price Performance

The company’s 50 day simple moving average is C$28.64 and its 200 day simple moving average is C$30.88. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06. The stock has a market cap of C$1.81 billion, a P/E ratio of 58.48, a P/E/G ratio of 0.57 and a beta of 1.86.

Spin Master Announces Dividend

The firm 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 $0.12 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.94%. Spin Master’s payout ratio is 113.60%.

Insider Buying and Selling at Spin Master

In other Spin Master news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of Spin Master stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$25.34, for a total value of C$31,898.15. Insiders own 2.20% of the company’s stock.

About Spin Master

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.