Spin Master (TSE:TOY) Price Target Lowered to C$32.00 at Jefferies Financial Group

Spin Master (TSE:TOY) had its price target lowered by Jefferies Financial Group from C$37.00 to C$32.00 in a research report report published on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. National Bankshares lowered their price target 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. Royal Bank of Canada dropped their target price on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Canaccord Genuity Group reduced their price target on 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. TD Securities dropped their price objective on Spin Master from C$46.00 to C$37.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, Stifel Nicolaus reduced their target price on Spin Master from C$45.00 to C$40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$37.38.

Spin Master Price Performance

Shares of TOY stock opened at C$22.15 on Thursday. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. Spin Master has a fifty-two week low of C$20.97 and a fifty-two week high of C$35.44. The stock’s 50-day simple moving average is C$25.94 and its 200-day simple moving average is C$30.02. The firm has a market capitalization of C$1.62 billion, a price-to-earnings ratio of 52.42, a PEG ratio of 0.57 and a beta of 1.86.

Spin Master Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, April 11th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Friday, March 28th. Spin Master’s dividend payout ratio is currently 113.60%.

Insider Buying and Selling at Spin Master

In other Spin Master news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of C$25.34, for a total value of C$31,898.15. 2.20% of the stock is currently owned by insiders.

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.