Spin Master Corp. (TSE:TOY) Senior Officer Sells C$66,532.60 in Stock

Spin Master Corp. (TSE:TOY) Senior Officer Tara Lise Deakin sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$33.27, for a total transaction of C$66,532.60.

Tara Lise Deakin also recently made the following trade(s):

• On Friday, August 23rd, Tara Lise Deakin sold 24,700 shares of Spin Master stock. The shares were sold at an average price of C$31.87, for a total transaction of C$787,235.93.

Spin Master Price Performance

Shares of TOY traded down C$0.50 during mid-day trading on Thursday, hitting C$31.89. 60,681 shares of the stock were exchanged, compared to its average volume of 91,266. The company has a debt-to-equity ratio of 47.83, a quick ratio of 2.06 and a current ratio of 1.02. The company has a market cap of C$1.11 billion, a PE ratio of 55.95, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Spin Master Corp. has a 52-week low of C$27.52 and a 52-week high of C$37.73. The firm has a 50-day moving average of C$30.41 and a two-hundred day moving average of C$31.25.

Spin Master (TSE:TOY) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.15 by C($0.03). Spin Master had a return on equity of 3.56% and a net margin of 2.37%. The business had revenue of C$563.71 million during the quarter, compared to the consensus estimate of C$583.31 million. On average, equities analysts predict that Spin Master Corp. will post 2.9961832 earnings per share for the current year.

Spin Master Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, July 12th were issued a $0.12 dividend. This is an increase from Spin Master’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.51%. Spin Master’s dividend payout ratio (DPR) is presently 84.21%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TOY. Jefferies Financial Group cut their price target on Spin Master from C$40.00 to C$35.00 in a research note on Thursday, May 9th. Royal Bank of Canada lifted their target price on Spin Master from C$46.00 to C$47.00 in a research note on Wednesday, July 24th. Stifel Nicolaus dropped their price target on Spin Master from C$50.00 to C$45.00 in a research note on Thursday, May 9th. National Bank Financial cut shares of Spin Master from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Wednesday, May 8th. Finally, National Bankshares lowered their target price on shares of Spin Master from C$40.00 to C$35.00 in a report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Spin Master currently has a consensus rating of “Moderate Buy” and a consensus price target of C$44.63.

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.