Pets at Home Group (LON:PETS) Stock Passes Above 50-Day Moving Average - What's Next?

Pets at Home Group Plc (LON:PETS - Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 252.13 ($3.46) and traded as high as GBX 260.20 ($3.57). Pets at Home Group shares last traded at GBX 259 ($3.55), with a volume of 549,213 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PETS. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 300 ($4.12) price target on shares of Pets at Home Group in a research note on Thursday, May 29th. Berenberg Bank decreased their price target on shares of Pets at Home Group from GBX 290 ($3.98) to GBX 245 ($3.36) and set a "hold" rating for the company in a research note on Tuesday, April 1st. Finally, Shore Capital reiterated a "not rated" rating on shares of Pets at Home Group in a report on Monday, March 31st.

Pets at Home Group Price Performance

The company's 50-day moving average is GBX 254.41 and its 200-day moving average is GBX 233.03. The firm has a market capitalization of £1.20 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 2.66 and a beta of 0.69. 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 (LON:PETS - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported GBX 21 ($0.29) EPS for the quarter. Pets at Home Group had a net margin of 5.36% and a return on equity of 8.05%. On average, research analysts expect that Pets at Home Group Plc will post 22.67844 earnings per share for the current year.

Pets at Home Group announced that its Board of Directors has authorized a share buyback program on Monday, June 9th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider Lyssa McGowan sold 80,878 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of GBX 266 ($3.65), for a total transaction of £215,135.48 ($295,231.89). Also, insider Michael Iddon sold 42,879 shares of Pets at Home Group stock in a transaction on Monday, June 2nd. The stock was sold at an average price of GBX 266 ($3.65), for a total transaction of £114,058.14 ($156,522.77). 1.80% of the stock is owned by corporate insiders.

Pets at Home Group Company Profile

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.