Spin Master (TSE:TOY) Sets New 1-Year Low – Should You Sell?

Spin Master Corp. (TSE:TOY)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$27.44 and last traded at C$27.57, with a volume of 80806 shares changing hands. The stock had previously closed at C$31.29.

Analysts Set New Price Targets

Several brokerages have commented on TOY. Cormark raised their price target on shares of Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. Royal Bank of Canada lowered their target price on Spin Master from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$40.86.

Spin Master Stock Down 9.8 %

The firm has a market capitalization of C$2.07 billion, a P/E ratio of 66.79, a PEG ratio of 0.57 and a beta of 1.86. The firm’s fifty day moving average price is C$31.91 and its 200-day moving average price is C$31.77. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06.

Spin Master Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, December 27th. This represents a $0.48 annualized dividend and a yield of 1.70%. Spin Master’s dividend payout ratio is currently 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.