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

Key Points

• Pets at Home Group shares rose above their 50-day moving average, reaching GBX 214.80 before last trading at GBX 212.76 on volume of 628,243 shares.
• Analysts remain bullish: four analysts rate the stock “Buy,” with a consensus target price of GBX 251.25, compared with the current price near GBX 213.
• The company has a £917.5 million market capitalization and insiders own 3.39% of its shares; insider Natalie Jane recently bought 2,525 shares at GBX 198 each.

Pets at Home Group Plc (LON:PETS - Get Free Report)'s share price passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 211.66 and traded as high as GBX 214.80. Pets at Home Group shares last traded at GBX 212.76, with a volume of 628,243 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Jefferies Financial Group reissued a "buy" rating and set a GBX 265 price target on shares of Pets at Home Group in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 230 price target on shares of Pets at Home Group in a research note on Friday, July 31st. Finally, Shore Capital Group began coverage on Pets at Home Group in a report on Thursday, September 3rd. They issued a "buy" rating and a GBX 265 price objective on the stock. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Pets at Home Group presently has a consensus rating of "Buy" and an average target price of GBX 251.25.

Pets at Home Group Stock Down 0.4%

The firm has a 50-day simple moving average of GBX 211.66 and a 200 day simple moving average of GBX 195.65. The company has a debt-to-equity ratio of 40.77, a current ratio of 0.61 and a quick ratio of 0.57. The company has a market capitalization of £917.50 million, a PE ratio of 15.64, a price-to-earnings-growth ratio of 2.66 and a beta of 1.11.

Pets at Home Group announced that its Board of Directors has authorized a stock buyback program on Wednesday, June 24th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Share repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Insider Activity

In related news, insider Natalie `Jane bought 2,525 shares of the stock in a transaction dated Monday, July 20th. The stock was acquired at an average price of GBX 198 per share, for a total transaction of £4,999.50. Company insiders own 3.39% 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. We'll help owners select the right food for their pet with nutrition consultations, help test the water is safe for their fish tank before new fish are introduced, and help socialise a new puppy with socilaisation and training classes - and much more.

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