Spin Master Corp. (TSE: TOY – Get Rating) Senior officer Chris Beardall sold 26,000 shares of the company in a trade that took place on Wednesday August 10. The stock was sold at an average price of CA$47.76, for a total value of CA$1,241,760.00. As a result of the sale, the insider now directly owns 153,839 shares of the company, valued at C$7,347,350.64.
Spin Master Share Performance
Shares of TSE:TOY traded at C$0.58 during Friday’s trading, hitting C$48.12. 23,550 shares of the company were traded, against an average volume of 67,835. The company has a market capitalization of C$4.95 billion and a PE ratio of 13.37. The stock has a 50-day moving average of CA$45.01 and a 200-day moving average of CA$45.00. 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 debt ratio of 6.19, a current ratio of 2.56 and a quick ratio of 2.05.
Spin Master Dividend Announcement
The company also recently announced 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 per share. The ex-dividend date is Wednesday, September 28. This represents an annualized dividend of $0.24 and a dividend yield of 0.50%. Spin Master’s dividend payout ratio is currently 6.67%.
A Wall Street analyst gives his opinion
A number of analysts have commented on the company. TD Securities downgraded Spin Master from a “list buy” rating to a “buy” rating and set a price target of C$65.00 for the company. in a report on Friday July 29. Royal Bank of Canada raised its target price on Spin Master from CA$63.00 to CA$65.00 and gave the company an “outperform” rating in a Thursday, May 5, report. Jefferies Financial Group reduced its target price on Spin Master from CA$60.00 to CA$56.00 in a Friday, July 15 report. Canaccord Genuity Group raised its target price on Spin Master from CA$60.00 to CA$67.00 in a Friday, May 6 report. Finally, CIBC raised its target price on Spin Master from CA$62.00 to CA$63.00 and gave the company an “outperform” rating in a Sunday, May 8 report. One equity research analyst gave the stock a hold rating and six gave the company a buy rating. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$61.91.
About Spin Master
(Get an assessment)
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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