TD Securities set a C$46.00 target price on Spin Master (TSE:TOY – Free Report) in a research note published on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
Separately, Royal Bank of Canada lifted their target price on Spin Master from C$46.00 to C$47.00 in a research note on Wednesday, July 24th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Spin Master has an average rating of Moderate Buy and an average price target of C$44.63.
Check Out Our Latest Research Report on Spin Master
Spin Master Price Performance
Spin Master (TSE:TOY – Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.03). Spin Master had a net margin of 2.37% and a return on equity of 3.56%. The firm had revenue of C$563.71 million for the quarter, compared to analysts’ expectations of C$583.31 million.
Insiders Place Their Bets
In other news, Senior Officer Tara Lise Deakin sold 24,700 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$31.87, for a total transaction of C$787,235.93. In other Spin Master news, Senior Officer Douglas Wadleigh sold 2,094 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$29.70, for a total transaction of C$62,187.19. Also, Senior Officer Tara Lise Deakin sold 24,700 shares of Spin Master stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$31.87, for a total value of C$787,235.93. Insiders have sold a total of 33,498 shares of company stock valued at $1,063,920 in the last quarter. 2.20% of the stock is currently 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.
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