Spin Master Corp. (TSE:TOY – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$25.59 and last traded at C$25.95, with a volume of 14671 shares changing hands. The stock had previously closed at C$26.10.
Analyst Ratings Changes
A number of brokerages have recently issued reports on TOY. Canaccord Genuity Group cut their target price on Spin Master from C$44.00 to C$35.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. TD Securities dropped their price target on shares of Spin Master from C$46.00 to C$37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Royal Bank of Canada reduced their target price on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. National Bankshares decreased their price target on shares of Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a report on Wednesday, February 26th. Finally, Stifel Nicolaus lowered their price objective on shares of Spin Master from C$45.00 to C$40.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$37.75.
Get Our Latest Stock Analysis on Spin Master
Spin Master Price Performance
Spin Master Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.88%. Spin Master’s payout ratio is presently 113.60%.
Spin Master Company Profile
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.
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