Pets at Home Group (LON:PETS) Share Price Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Pets at Home Group's stock has fallen below its 200-day moving average, trading at GBX 224 ($3.01) after hitting a low of GBX 221.60 ($2.98).
• Equities analysts have varying views, with Canaccord Genuity maintaining a "buy" rating and a price target of GBX 300 ($4.03), while Deutsche Bank reduced their target from GBX 285 ($3.83) to GBX 275 ($3.70).
• The company announced a stock repurchase plan, indicating that its board believes its shares are currently undervalued.

Pets at Home Group Plc (LON:PETS - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 239.37 ($3.22) and traded as low as GBX 221.60 ($2.98). Pets at Home Group shares last traded at GBX 224 ($3.01), with a volume of 443,665 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PETS. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 300 ($4.03) price objective on shares of Pets at Home Group in a research report on Thursday, May 29th. Shore Capital restated a "no recommendation" rating on shares of Pets at Home Group in a report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Pets at Home Group from GBX 285 ($3.83) to GBX 275 ($3.69) and set a "buy" rating on the stock in a report on Friday, August 1st.

Pets at Home Group Stock Performance

The stock has a market cap of £1.02 billion, a PE ratio of 13.58, a PEG ratio of 2.66 and a beta of 0.69. The stock has a fifty day simple moving average of GBX 249.15 and a two-hundred day simple moving average of GBX 239.85. The company has a debt-to-equity ratio of 43.13, a quick ratio of 0.57 and a current ratio of 0.63.

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

Pets at Home Group declared that its board has approved a stock buyback plan on Monday, June 9th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Insider Activity at Pets at Home Group

In other Pets at Home Group news, insider Michael Iddon sold 42,879 shares of Pets at Home Group stock in a transaction on Monday, June 2nd. The shares were sold at an average price of GBX 266 ($3.57), for a total value of £114,058.14 ($153,200.99). Also, insider Lyssa McGowan sold 80,878 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 ($3.57), for a total transaction of £215,135.48 ($288,966.39). Corporate 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.