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

Spin Master Corp. (TSE:TOY) hit a new 52-week low during trading on Wednesday . The company traded as low as C$18.29 and last traded at C$17.84, with a volume of 500782 shares. The stock had previously closed at C$18.48.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TOY. Royal Bank Of Canada cut their price objective on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a report on Friday, March 6th. Canaccord Genuity Group lowered their target price on Spin Master from C$22.00 to C$20.00 and set a “hold” rating on the stock in a report on Friday, March 6th. Stifel Nicolaus increased their target price on shares of Spin Master from C$20.00 to C$21.00 and gave the company a “hold” rating in a research note on Friday, March 6th. ATB Cormark Capital Markets raised their price objective on Spin Master from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, National Bank Financial reduced their target price on 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. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Spin Master currently has a consensus rating of “Moderate Buy” and an average target price of C$27.22.

Spin Master Trading Down 0.3%

The company has a market capitalization of C$1.75 billion, a price-to-earnings ratio of -11.95, a P/E/G ratio of 0.57 and a beta of 0.75. The company has a debt-to-equity ratio of 37.50, a quick ratio of 2.06 and a current ratio of 1.14. The business’s 50-day simple moving average is C$19.14 and its 200-day simple moving average is C$19.92.

Spin Master (TSE:TOY) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.56 earnings per share for the quarter. The business had revenue of C$818.82 million during the quarter. Spin Master had a negative net margin of 7.22% and a negative return on equity of 11.45%. On average, research analysts expect that Spin Master Corp. will post 3.1361829 earnings per share for the current fiscal year.

Spin Master Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, April 10th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.48 annualized dividend and a dividend yield of 2.8%. Spin Master’s payout ratio is -23.66%.

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.