Insider Buying: Pets at Home Group (LON:PETS) Insider Purchases 24,793 Shares of Stock

Key Points

• Ian Burke, an insider at Pets at Home Group, purchased 24,793 shares at an average price of GBX 200, totaling approximately £49,586.
• The company recently approved a share buyback plan, which often indicates that the board believes the shares are undervalued.
• Recent analyst ratings have seen prices target revisions, with a consensus rating of "Moderate Buy" and a target of GBX 232.50.

Pets at Home Group Plc (LON:PETS - Get Free Report) insider Ian Burke bought 24,793 shares of the company's stock in a transaction dated Tuesday, September 30th. The stock was purchased at an average price of GBX 200 per share, with a total value of £49,586.

Pets at Home Group Stock Performance

Shares of LON:PETS opened at GBX 209.80 on Wednesday. The company's 50 day simple moving average is GBX 224.02 and its 200 day simple moving average is GBX 238.15. The company has a debt-to-equity ratio of 43.13, a current ratio of 0.63 and a quick ratio of 0.57. Pets at Home Group Plc has a 1 year low of GBX 175.50 and a 1 year high of GBX 316.40. The stock has a market capitalization of £943.26 million, a price-to-earnings ratio of 1,115.94, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69.

Pets at Home Group declared that its Board of Directors has approved a share buyback plan on Monday, June 9th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on PETS. Berenberg Bank cut their target price on Pets at Home Group from GBX 245 to GBX 220 and set a "hold" rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on Pets at Home Group from GBX 275 to GBX 215 and set a "buy" rating for the company in a research report on Thursday, September 18th. Jefferies Financial Group cut their price target on shares of Pets at Home Group from GBX 330 to GBX 250 and set a "buy" rating on the stock in a report on Tuesday, September 23rd. Shore Capital reissued a "no recommendation" rating on shares of Pets at Home Group in a research report on Thursday, July 31st. Finally, Canaccord Genuity Group dropped their target price on Pets at Home Group from GBX 285 to GBX 245 and set a "buy" rating on the stock in a research report on Monday, September 22nd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 232.50.

About Pets at Home Group

We are the UK's leading pet care business, providing pet owners with everything they need to be able to look after their pet – from food, toys and bedding, and grooming services, right the way through to first opinion veterinary care. Our stores represent a unique environment and provide a practical, fun and unique experience for pet owners.

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