Spin Master (TSE:TOY) Price Target Raised to C$45.00

Spin Master (TSE:TOY) had its price target increased by Cormark from C$42.00 to C$45.00 in a research note published on Friday morning, BayStreet.CA reports. Cormark also issued estimates for Spin Master’s Q3 2024 earnings at $2.17 EPS, FY2024 earnings at $2.75 EPS, FY2025 earnings at $2.70 EPS and FY2026 earnings at $3.86 EPS.

Several other brokerages have also recently weighed in on TOY. TD Securities set a C$46.00 price objective on shares of Spin Master and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Royal Bank of Canada decreased their price target on Spin Master from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$42.13.

Spin Master Stock Performance

TSE:TOY opened at C$30.26 on Friday. The firm has a market capitalization of C$1.05 billion, a PE ratio of 53.09, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. The company has a quick ratio of 2.06, a current ratio of 1.02 and a debt-to-equity ratio of 47.83. Spin Master has a 12-month low of C$27.52 and a 12-month high of C$36.82. The firm has a 50-day moving average price of C$31.49 and a 200 day moving average price of C$30.58.

Spin Master Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a $0.12 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.59%. Spin Master’s dividend payout ratio is presently 84.21%.

Insider Activity

In related news, Director Chi Wah Yuen sold 4,704 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$31.45, for a total transaction of C$147,963.85. In other Spin Master news, Director Chi Wah Yuen sold 4,704 shares of Spin Master stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$31.45, for a total transaction of C$147,963.85. Also, Senior Officer Douglas Wadleigh sold 2,094 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$29.70, for a total value of C$62,187.19. Insiders sold a total of 33,498 shares of company stock valued at $1,063,920 in the last ninety days. 2.20% of the stock is owned by insiders.

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.