Spin Master (TSE:TOY) Hits New 52-Week Low – Time to Sell?

Spin Master Corp. (TSE:TOY) shares hit a new 52-week low during trading on Tuesday . The company traded as low as C$18.47 and last traded at C$18.54, with a volume of 17647 shares changing hands. The stock had previously closed at C$18.64.

Analyst Upgrades and Downgrades

TOY has been the subject of a number of recent research reports. Cormark lowered their target price on Spin Master from C$44.00 to C$39.00 in a report on Friday, October 31st. Canaccord Genuity Group cut their target price on shares of Spin Master from C$24.00 to C$20.00 in a research report on Wednesday, October 22nd. Jefferies Financial Group cut their price target on shares of Spin Master from C$28.00 to C$26.00 in a report on Friday, October 31st. TD Securities boosted their price objective on shares of Spin Master from C$29.00 to C$30.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Royal Bank Of Canada lowered their target price on Spin Master from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$27.38.

Spin Master Trading Up 1.2%

The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. The company has a market cap of C$1.95 billion, a price-to-earnings ratio of 35.83, a P/E/G ratio of 0.57 and a beta of 0.66. The firm’s 50-day moving average price is C$19.84 and its 200 day moving average price is C$21.18.

Spin Master (TSE:TOY) last issued its earnings results on Thursday, October 30th. The company reported C$1.11 earnings per share for the quarter. The company had revenue of C$1.02 billion for the quarter. Spin Master had a return on equity of 2.24% and a net margin of 1.45%. As a group, equities analysts expect that Spin Master Corp. will post 3.1361829 EPS for the current year.

Spin Master Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, January 9th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, December 24th. Spin Master’s payout ratio is presently 63.22%.

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.