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

Spin Master Corp. (TSE:TOY) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$18.29 and last traded at C$17.84, with a volume of 500782 shares. The stock had previously closed at C$18.48.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TOY. TD Securities dropped their price objective on shares of Spin Master from C$30.00 to C$26.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Canaccord Genuity Group lowered their price target on Spin Master from C$22.00 to C$20.00 and set a “hold” rating for the company in a research report on Friday, March 6th. Stifel Nicolaus boosted their price target on Spin Master from C$20.00 to C$21.00 and gave the company a “hold” rating in a research note on Friday, March 6th. Royal Bank Of Canada cut their price objective on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Finally, National Bank Financial decreased their target price on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Spin Master presently has an average rating of “Moderate Buy” and a consensus price target of C$27.22.

Spin Master Stock Down 3.5%

The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 37.50. The company has a market capitalization of C$1.79 billion, a price-to-earnings ratio of -12.22, a P/E/G ratio of 0.57 and a beta of 0.75. The business’s 50-day moving average is C$19.26 and its 200-day moving average is C$19.95.

Spin Master (TSE:TOY) last released its quarterly earnings data on Thursday, March 5th. The company reported C$0.56 earnings per share for the quarter. The business had revenue of C$818.82 million during the quarter. Spin Master had a negative return on equity of 11.45% and a negative net margin of 7.22%. As a group, equities analysts predict that Spin Master Corp. will post 3.1361829 earnings per share for the current year.

Spin Master Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, April 10th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.48 dividend on an annualized basis and a yield of 2.7%. Spin Master’s payout ratio is presently -23.66%.

About Spin Master

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.