Spin Master (TSE:TOY) Stock Passes Below Fifty Day Moving Average of $29.53

Spin Master Corp. (TSE:TOY) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$29.53 and traded as low as C$28.01. Spin Master shares last traded at C$28.11, with a volume of 79,812 shares.

Analyst Ratings Changes

A number of research firms recently weighed in on TOY. CIBC dropped their price target on shares of Spin Master from C$41.00 to C$37.00 in a research note on Thursday, May 9th. Stifel Nicolaus decreased their price objective on shares of Spin Master from C$50.00 to C$45.00 in a report on Thursday, May 9th. National Bankshares decreased their price objective on shares of Spin Master from C$40.00 to C$35.00 in a report on Thursday, May 9th. TD Securities decreased their price objective on shares of Spin Master from C$48.00 to C$46.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, Royal Bank of Canada decreased their price objective on shares of Spin Master from C$50.00 to C$46.00 and set an “outperform” rating for the company in a report on Monday, March 18th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Spin Master presently has a consensus rating of “Moderate Buy” and a consensus price target of C$44.50.

Spin Master Stock Performance

The stock’s 50-day moving average price is C$29.44 and its 200 day moving average price is C$32.32. The company has a debt-to-equity ratio of 46.93, a current ratio of 1.09 and a quick ratio of 2.06. The firm has a market cap of C$992.29 million, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 0.58 and a beta of 1.87.

Spin Master (TSE:TOY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C($0.26) EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.32). Spin Master had a return on equity of 7.63% and a net margin of 5.05%. The business had revenue of C$426.28 million during the quarter, compared to the consensus estimate of C$407.27 million. As a group, equities analysts predict that Spin Master Corp. will post 2.8894422 EPS for the current year.

Spin Master Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, July 12th will be given a dividend of $0.12 per share. This is a positive change from Spin Master’s previous quarterly dividend of $0.06. This represents a $0.48 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, June 28th. Spin Master’s dividend payout ratio is 38.40%.

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.