Pets at Home Group (LON:PETS) Stock Price Passes Above 50 Day Moving Average - Here's Why

Pets at Home Group Plc (LON:PETS - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 247.48 ($3.33) and traded as high as GBX 267.60 ($3.60). Pets at Home Group shares last traded at GBX 266.62 ($3.59), with a volume of 1,118,680 shares traded.

Analyst Upgrades and Downgrades

PETS has been the subject of several recent research reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 300 ($4.04) target price on shares of Pets at Home Group in a report on Thursday, May 29th. Shore Capital reaffirmed a "not rated" rating on shares of Pets at Home Group in a report on Monday, March 31st. Finally, Berenberg Bank reduced their target price on Pets at Home Group from GBX 290 ($3.91) to GBX 245 ($3.30) and set a "hold" rating for the company in a research note on Tuesday, April 1st.

Pets at Home Group Stock Performance

The stock has a market cap of £1.19 billion, a price-to-earnings ratio of 15.88, a P/E/G ratio of 2.66 and a beta of 0.69. The firm's 50-day moving average is GBX 251.01 and its two-hundred day moving average is GBX 231.91. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 43.13.

Pets at Home Group (LON:PETS - Get Free Report) last announced its 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 earnings per share for the current year.

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

Insider Activity

In related news, insider Michael Iddon sold 42,879 shares of Pets at Home Group stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of GBX 266 ($3.58), for a total transaction of £114,058.14 ($153,592.97). Also, insider Lyssa McGowan sold 80,878 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of GBX 266 ($3.58), for a total value of £215,135.48 ($289,705.74). Company insiders own 1.80% of the company's stock.

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.