Spin Master (TSE:TOY) Hits New 1-Year High – Should You Buy?

Shares of Spin Master Corp. (TSE:TOY) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$24.13 and last traded at C$21.89, with a volume of 39201 shares changing hands. The stock had previously closed at C$23.36.

Analysts Set New Price Targets

TOY has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective on Spin Master from C$23.00 to C$26.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. TD upped their target price on Spin Master from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Friday, July 3rd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Spin Master presently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.20.

Spin Master Stock Performance

The firm has a 50-day moving average price of C$20.25 and a 200 day moving average price of C$19.34. The firm has a market capitalization of C$2.07 billion, a PE ratio of -13.36, a price-to-earnings-growth ratio of 0.57 and a beta of 0.70. The company has a quick ratio of 2.06, a current ratio of 1.09 and a debt-to-equity ratio of 30.48.

Spin Master (TSE:TOY) last posted its earnings results on Thursday, July 30th. The company reported C$0.11 earnings per share (EPS) for the quarter. Spin Master had a negative return on equity of 6.74% and a negative net margin of 4.01%.The firm had revenue of C$620.03 million for the quarter. Research analysts expect that Spin Master Corp. will post 3.1361829 earnings per share for the current year.

Spin Master Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, July 10th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, June 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.3%. Spin Master’s dividend payout ratio is -22.58%.

About Spin Master

Spin Master Corp. (TSX:TOY) is a leading global children’s entertainment company, creating exceptional play experiences across its three creative centres: Toys, Entertainment and Digital Games. With worldwide toy distribution, Spin Master is best known for award-winning brands including PAW Patrol ®, Melissa & Doug ®, Bakugan ® and Rubik’s ® Cube, and is the global toy licensee for other iconic properties. Through its in-house entertainment studio, the company creates and produces captivating multiplatform content including powerhouse preschool franchise PAW Patrol, along with other original shows, short-form series and feature films.