Spin Master (TSE:TOY) Hits New 52-Week Low – Time to Sell?

Spin Master Corp. (TSE:TOY)’s share price reached a new 52-week low on Tuesday . The company traded as low as C$18.47 and last traded at C$18.54, with a volume of 17647 shares traded. The stock had previously closed at C$18.64.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TOY shares. Royal Bank Of Canada lowered their price objective on shares of Spin Master from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. CIBC raised their target price on shares of Spin Master from C$23.00 to C$25.00 in a research note on Friday, October 31st. Cormark dropped their price target on shares of Spin Master from C$44.00 to C$39.00 in a research note on Friday, October 31st. Canaccord Genuity Group reduced their price objective on shares of Spin Master from C$24.00 to C$20.00 in a research report on Wednesday, October 22nd. Finally, National Bankshares lowered their price objective on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$27.38.

Spin Master Price Performance

The stock has a market cap of C$1.89 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 0.57 and a beta of 0.66. The company’s 50 day moving average is C$19.91 and its 200 day moving average is C$21.25. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06.

Spin Master (TSE:TOY) last issued its earnings results on Thursday, October 30th. The company reported C$1.11 earnings per share (EPS) for the quarter. Spin Master had a net margin of 1.45% and a return on equity of 2.24%. The company had revenue of C$1.02 billion during the quarter. Research analysts forecast that Spin Master Corp. will post 3.1361829 earnings per share for the current fiscal year.

Spin Master Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, January 9th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.48 annualized dividend and a yield of 2.6%. Spin Master’s payout ratio is currently 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.