Shares of Pets at Home Group Plc (LON:PETS - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 255.99 ($3.50) and traded as low as GBX 250.60 ($3.42). Pets at Home Group shares last traded at GBX 251.40 ($3.43), with a volume of 619,065 shares changing hands.
Analyst Ratings Changes
PETS has been the topic of several recent research reports. Canaccord Genuity Group reissued a "buy" rating and set a GBX 300 ($4.10) price objective on shares of Pets at Home Group in a report on Thursday, May 29th. Shore Capital restated a "not rated" rating on shares of Pets at Home Group in a report on Monday, March 31st. Finally, Berenberg Bank dropped their price target on shares of Pets at Home Group from GBX 290 ($3.96) to GBX 245 ($3.35) and set a "hold" rating for the company in a research note on Tuesday, April 1st.
Read Our Latest Report on Pets at Home Group
Pets at Home Group Price Performance
The firm has a market cap of £1.13 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 2.66 and a beta of 0.69. The business's 50-day simple moving average is GBX 256.96 and its two-hundred day simple moving average is GBX 234.06. 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 issued its quarterly earnings data on Wednesday, May 28th. The company reported GBX 21 ($0.29) 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%. As a group, research 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 approved a share buyback program on Monday, June 9th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.
Insiders Place Their Bets
In related news, insider Lyssa McGowan sold 80,878 shares of Pets at Home Group stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of GBX 266 ($3.63), for a total value of £215,135.48 ($293,780.53). Also, insider Michael Iddon sold 42,879 shares of Pets at Home Group stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of GBX 266 ($3.63), for a total value of £114,058.14 ($155,753.30). Insiders own 1.80% of the company's stock.
About Pets at Home Group
(
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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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