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

Spin Master Corp. (TSE:TOY) reached a new 52-week low during trading on Tuesday . The company traded as low as C$18.46 and last traded at C$18.61, with a volume of 58707 shares changing hands. The stock had previously closed at C$19.11.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TOY. Royal Bank Of Canada decreased their target price on Spin Master from C$29.00 to C$27.00 and set an “outperform” rating for the company in a research report on Tuesday, February 3rd. Seaport Research Partners raised Spin Master to a “strong-buy” rating in a research note on Monday, November 10th. TD Securities dropped their target price 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. Finally, National Bank Financial lowered their price objective on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.63.

Spin Master Trading Down 1.2%

The business has a 50 day moving average of C$19.47 and a two-hundred day moving average of C$20.29. The firm has a market capitalization of C$1.90 billion, a price-to-earnings ratio of 34.98, a P/E/G ratio of 0.57 and a beta of 0.61. The company has a debt-to-equity ratio of 39.76, a quick ratio of 2.06 and a current ratio of 1.13.

Spin Master Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders 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 of this dividend was Wednesday, December 24th. Spin Master’s dividend payout ratio (DPR) is 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.