Spin Master (TSE:TOY) Stock Gets Price Target Reduction from ATB Cormark Capital Markets

Spin Master (TSE:TOY) had its price target reduced by ATB Cormark Capital Markets from C$39.00 to C$30.00 in a report released on Wednesday,BayStreet reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

Several other research firms also recently commented on TOY. Canaccord Genuity Group reduced their price objective on Spin Master from C$23.00 to C$21.00 and set a “hold” rating on the stock in a report on Friday, October 30th. Stifel Nicolaus upped their target price on Spin Master from C$21.00 to C$21.50 and gave the stock a “hold” rating in a report on Friday, October 30th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Spin Master currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.19.

Spin Master Trading Down 0.2%

Spin Master stock traded down C$0.05 during trading hours on Wednesday, hitting C$21.20. The company had a trading volume of 246,280 shares, compared to its average volume of 166,540. The company has a debt-to-equity ratio of 28.03, a quick ratio of 2.06 and a current ratio of 1.17. The firm has a market cap of C$2.11 billion, a P/E ratio of -20.19, a P/E/G ratio of 0.57 and a beta of 0.67. The company has a 50-day moving average price of C$20.44 and a two-hundred day moving average price of C$19.75. Spin Master has a 1 year low of C$17.13 and a 1 year high of C$24.13.

Spin Master (TSE:TOY) last issued its earnings results on Thursday, October 29th. The company reported C$1.47 EPS for the quarter. The business had revenue of C$1.04 billion for the quarter. Spin Master had a negative net margin of 5.25% and a negative return on equity of 9.16%. On average, sell-side analysts anticipate that Spin Master will post 3.14 earnings per share for the current year.

Spin Master Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, October 9th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, September 25th. Spin Master’s dividend payout ratio is presently -32.64%.

About Spin Master

Spin Master Corp. (TSX:TOY) is a leading global children’s entertainment company, creating exceptional play experiences across its three creative centres: Toys, Entertainment and Digital Games. With worldwide toy distribution, Spin Master is best known for award-winning brands including PAW Patrol ®, Melissa & Doug ®, Bakugan ® and Rubik’s ® Cube, and is the global toy licensee for other iconic properties. Through its in-house entertainment studio, the company creates and produces captivating multiplatform content including powerhouse preschool franchise PAW Patrol, along with other original shows, short-form series and feature films.