Insider Selling: Spin Master Corp. (TSE:TOY) Senior Officer Sells 1,453 Shares of Stock

Spin Master Corp. (TSE:TOY) Senior Officer Chris Harrs sold 1,453 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$33.25, for a total transaction of C$48,312.25.

Spin Master Trading Down 0.4 %

TSE TOY traded down C$0.14 on Friday, hitting C$34.04. 69,239 shares of the company were exchanged, compared to its average volume of 89,044. The company’s 50 day moving average price is C$33.95 and its 200-day moving average price is C$34.30. The company has a debt-to-equity ratio of 4.38, a current ratio of 2.95 and a quick ratio of 2.06. The firm has a market capitalization of C$1.19 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 2.98 and a beta of 1.87. Spin Master Corp. has a twelve month low of C$31.43 and a twelve month high of C$39.55.

Spin Master (TSE:TOY) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.12. The firm had revenue of C$684.30 million for the quarter, compared to the consensus estimate of C$681.03 million. Spin Master had a return on equity of 11.34% and a net margin of 7.95%. Analysts predict that Spin Master Corp. will post 2.9846014 earnings per share for the current fiscal year.

Spin Master Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, April 12th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.71%. Spin Master’s dividend payout ratio is 12.44%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TOY. Canaccord Genuity Group decreased their target price on Spin Master from C$52.00 to C$51.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. CIBC dropped their price target on Spin Master from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. TD Securities upgraded Spin Master from a “buy” rating to an “action list buy” rating and lowered their target price for the company from C$50.00 to C$48.00 in a research report on Wednesday, January 24th. National Bankshares lowered their target price on Spin Master from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Finally, Royal Bank of Canada decreased their price target on Spin Master from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research note on Monday. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Spin Master currently has a consensus rating of “Buy” and a consensus target price of C$47.13.

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, and digital games in North America, Europe, and internationally. The company operates through three segments: Toys, Entertainment, and Digital Games.