Spin Master Corp. (TSE: TOY – Get Rating) Chief Executive Tara Lise Deakin sold 1,922 shares of the company in a trade on Tuesday, September 20. The stock was sold at an average price of CA$45.11, for a total transaction of CA$86,705.84. Following the sale, the insider now directly owns 3,488 shares of the company, valued at approximately C$157,351.70.
Spin Master shares down 2.2%
TOY traded at CA$0.96 midday Friday, hitting CA$42.79. The company had a trading volume of 26,904 shares, compared to an average volume of 64,830. Spin Master Corp. has a 52-week low of C$39.85 and a 52-week high of C$51.41. The company has a quick ratio of 2.05, a current ratio of 2.56 and a debt ratio of 6.19. The company has a market cap of C$4.40 billion and a price-earnings ratio of 11.99. The stock’s 50-day moving average price is C$46.92 and its 200-day moving average price is C$45.14.
Spin Master (TSE:TOY – Get Rating) last released its quarterly results on Wednesday, July 27. The company reported earnings per share of C$0.89 for the quarter, beating the consensus estimate of C$0.64 by C$0.25. The company posted revenue of C$646.22 million in the quarter, compared to a consensus estimate of C$652.65 million. On average, research analysts predict that Spin Master Corp. will show earnings per share of 3.3599998 for the current fiscal year.
Spin Master announces dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14. Shareholders of record on Friday, September 30 will receive a dividend of $0.06. This represents an annualized dividend of $0.24 and a yield of 0.56%. The ex-date of this dividend is Wednesday, September 28. Spin Master’s dividend payout ratio (DPR) is currently 6.58%.
Changes to analyst ratings
A number of research companies have weighed in on TOY. TD Securities reduced Spin Master’s stock from a “buy on stock list” rating to a “buy” rating and set a target price of C$65.00 for the stock. in a Friday July 29 research note. Jefferies Financial Group cut its price target on shares of Spin Master from C$60.00 to C$56.00 in a Friday, July 15 research note. One equity research analyst rated the stock with a hold rating and six gave the company a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of CA$61.91.
Spin Master Company Profile
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Spin Master Corp., a children’s entertainment company, creates, designs, manufactures, licenses and markets various toys, entertainment franchises and digital games in North America, Europe and globally. Its product categories include activities, games and puzzles and soft toys; preschool, dolls and interactive; wheels and action; and exterior.
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