TD Securities reissued their buy rating on shares of DHX Media (NASDAQ:DHXM) in a research report report published on Friday. They currently have a $9.00 target price on the stock, down from their prior target price of $9.50.
Several other research firms also recently issued reports on DHXM. RBC Capital Markets reaffirmed an outperform rating and set a $10.00 price objective on shares of DHX Media in a report on Friday, September 23rd. Scotiabank reissued an outperform rating and issued a $9.00 price target on shares of DHX Media in a report on Friday, September 23rd. Seven equities research analysts have rated the stock with a buy rating, DHX Media has an average rating of Buy and an average target price of $10.00.
DHX Media (NASDAQ:DHXM) opened at 5.17 on Friday. The firm’s 50-day moving average is $5.79 and its 200-day moving average is $5.49. The firm has a market capitalization of $691.61 million and a price-to-earnings ratio of 31.14. DHX Media has a 1-year low of $4.56 and a 1-year high of $7.40.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Tuesday, October 11th will be paid a $0.0138 dividend. This is a boost from DHX Media’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.07%.
Several institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new position in shares of DHX Media during the second quarter worth about $126,000. Cidel Asset Management Inc. boosted its position in shares of DHX Media by 0.9% in the second quarter. Cidel Asset Management Inc. now owns 75,600 shares of the company’s stock worth $385,000 after buying an additional 700 shares in the last quarter. Diker Management LLC boosted its position in shares of DHX Media by 430.9% in the second quarter. Diker Management LLC now owns 176,800 shares of the company’s stock worth $903,000 after buying an additional 143,500 shares in the last quarter. Sprott Inc. boosted its position in shares of DHX Media by 42.4% in the second quarter. Sprott Inc. now owns 712,000 shares of the company’s stock worth $3,660,000 after buying an additional 212,000 shares in the last quarter. Finally, FMR LLC boosted its position in shares of DHX Media by 8.4% in the second quarter. FMR LLC now owns 779,710 shares of the company’s stock worth $3,995,000 after buying an additional 60,560 shares in the last quarter.
DHX Media Company Profile
DHX Media Ltd. is a Canada-based children’s entertainment company. The Company’s business is producing, distributing, broadcasting and exploiting the rights for television and film programming, primarily focusing on children, youth and family productions. Its segments include its production, distribution and merchandising operations; Copyright Promotions Licensing Group (CPLG), and DHX Television.
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