Cormark Increases Spin Master (TSE:TOY) Price Target to C$45.00

Spin Master (TSE:TOY) had its target price lifted by Cormark from C$42.00 to C$45.00 in a research note published on Friday morning, BayStreet.CA reports. Cormark also issued estimates for Spin Master’s Q3 2024 earnings at $2.17 EPS, FY2024 earnings at $2.75 EPS, FY2025 earnings at $2.70 EPS and FY2026 earnings at $3.86 EPS.

TOY has been the topic of a number of other research reports. TD Securities set a C$46.00 price target on shares of Spin Master and gave the company a “buy” rating in a research report on Tuesday, September 24th. Royal Bank of Canada cut their target price on shares of Spin Master from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Spin Master currently has a consensus rating of “Moderate Buy” and a consensus target price of C$42.13.

Spin Master Stock Up 4.3 %

Shares of TOY traded up C$1.27 during mid-day trading on Friday, hitting C$30.74. 138,900 shares of the company’s stock were exchanged, compared to its average volume of 88,395. The company has a quick ratio of 2.06, a current ratio of 1.02 and a debt-to-equity ratio of 47.83. Spin Master has a twelve month low of C$27.52 and a twelve month high of C$36.82. The firm has a fifty day moving average of C$31.49 and a two-hundred day moving average of C$30.58. The stock has a market cap of C$1.07 billion, a price-to-earnings ratio of 53.93, a P/E/G ratio of 0.57 and a beta of 1.86.

Spin Master (TSE:TOY) last posted its 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). The company had revenue of C$563.71 million for the quarter, compared to the consensus estimate of C$583.31 million. Spin Master had a net margin of 2.37% and a return on equity of 3.56%. On average, sell-side analysts forecast that Spin Master will post 3.1361829 earnings per share for the current year.

Spin Master Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be given a $0.12 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.48 annualized dividend and a yield of 1.56%. Spin Master’s dividend payout ratio is 84.21%.

Insider Transactions at Spin Master

In related news, Senior Officer Tara Lise Deakin sold 24,700 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$31.87, for a total transaction of C$787,235.93. In other news, Director Chi Wah Yuen sold 4,704 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$31.45, for a total value of C$147,963.85. Also, Senior Officer Tara Lise Deakin sold 24,700 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$31.87, for a total transaction of C$787,235.93. In the last 90 days, insiders have sold 33,498 shares of company stock worth $1,063,920. 2.20% of the stock is currently owned by company 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.