Spin Master (TSE:TOY) PT Lowered to C$46.00 at Royal Bank of Canada

Spin Master (TSE:TOY) had its price target reduced by Royal Bank of Canada from C$47.00 to C$46.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, TD Securities set a C$46.00 price objective on shares of Spin Master and gave the company a “buy” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$42.14.

Spin Master Stock Performance

Shares of TOY opened at C$32.36 on Wednesday. Spin Master has a 52 week low of C$27.52 and a 52 week high of C$36.82. The company has a quick ratio of 2.06, a current ratio of 1.02 and a debt-to-equity ratio of 47.83. The stock has a market cap of C$1.12 billion, a price-to-earnings ratio of 56.77, a PEG ratio of 0.57 and a beta of 1.86. The business has a 50-day simple moving average of C$31.43 and a two-hundred day simple moving average of C$30.67.

Spin Master (TSE:TOY) last released its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.03). Spin Master had a return on equity of 3.56% and a net margin of 2.37%. The firm had revenue of C$563.71 million during the quarter, compared to analysts’ expectations of C$583.31 million. On average, analysts expect that Spin Master will post 3.1361829 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Tara Lise Deakin sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$33.27, for a total value of C$66,532.60. In other Spin Master news, Director Chi Wah Yuen sold 4,704 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$31.45, for a total value of C$147,963.85. Also, Senior Officer Tara Lise Deakin sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$33.27, for a total transaction of C$66,532.60. Insiders sold a total of 33,498 shares of company stock valued at $1,063,920 over the last 90 days. Insiders own 2.20% of the company’s stock.

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.