Spin Master (TSE:TOY) Stock Price Crosses Below 50 Day Moving Average of $32.54

Spin Master Corp. (TSE:TOY)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$32.54 and traded as low as C$30.01. Spin Master shares last traded at C$30.26, with a volume of 199,254 shares.

Wall Street Analyst Weigh In

TOY has been the subject of a number of analyst reports. TD Securities raised Spin Master from a “buy” rating to an “action list buy” rating and decreased their price target for the company from C$50.00 to C$48.00 in a report on Wednesday, January 24th. National Bankshares dropped their price target on shares of Spin Master from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Royal Bank of Canada decreased their price objective on shares of Spin Master from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research report on Monday, March 18th. CIBC dropped their target price on Spin Master from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Finally, Canaccord Genuity Group lowered their price target on Spin Master from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$47.13.

Spin Master Trading Up 0.1 %

The company has a 50 day simple moving average of C$32.54 and a 200 day simple moving average of C$33.67. The company has a market capitalization of C$1.06 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 2.98 and a beta of 1.87. The company has a debt-to-equity ratio of 4.38, a quick ratio of 2.06 and a current ratio of 2.95.

Spin Master (TSE:TOY) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.26 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.12. Spin Master had a return on equity of 11.34% and a net margin of 7.95%. The firm had revenue of C$684.30 million during the quarter, compared to the consensus estimate of C$681.03 million. Analysts anticipate that Spin Master Corp. will post 2.9973592 earnings per share for the current year.

Spin Master Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, April 12th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 0.79%. Spin Master’s dividend payout ratio is presently 12.37%.

Insider Buying and Selling at Spin Master

In other news, Senior Officer Chris Harrs sold 1,453 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$33.25, for a total value of C$48,312.25. 1.59% of the stock is owned by insiders.

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.