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

Pets at Home Group Plc (LON:PETS - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 247.48 ($3.36) and traded as high as GBX 267.60 ($3.63). Pets at Home Group shares last traded at GBX 266.62 ($3.62), with a volume of 1,118,680 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Berenberg Bank lowered their price target on Pets at Home Group from GBX 290 ($3.94) to GBX 245 ($3.32) and set a "hold" rating on the stock in a report on Tuesday, April 1st. Shore Capital reissued a "not rated" rating on shares of Pets at Home Group in a report on Monday, March 31st. Finally, Canaccord Genuity Group reissued a "buy" rating and set a GBX 300 ($4.07) price target on shares of Pets at Home Group in a report on Thursday, May 29th.

Pets at Home Group Price Performance

The company has a debt-to-equity ratio of 43.13, a quick ratio of 0.57 and a current ratio of 0.63. The firm has a fifty day moving average price of GBX 247.48 and a 200 day moving average price of GBX 231.02. The firm has a market capitalization of £1.22 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.66 and a beta of 0.69.

Pets at Home Group (LON:PETS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported GBX 21 ($0.28) EPS for the quarter. Pets at Home Group had a return on equity of 8.05% and a net margin of 5.36%. As a group, sell-side analysts expect that Pets at Home Group Plc will post 22.67844 EPS for the current fiscal year.

Pets at Home Group announced that its board has authorized a share repurchase program on Monday, June 9th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Lyssa McGowan sold 80,878 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of GBX 266 ($3.61), for a total value of £215,135.48 ($291,946.64). Also, insider Michael Iddon sold 42,879 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of GBX 266 ($3.61), for a total value of £114,058.14 ($154,781.03). Insiders own 1.80% of the company's stock.

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.

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