Shore Capital Reiterates "No Recommendation" Rating for Pets at Home Group (LON:PETS)

Key Points

• Shore Capital has reiterated a no recommendation rating for Pets at Home Group (LON:PETS), reflecting a cautious stance on the stock.
• Canaccord Genuity has given Pets at Home a buy rating with a price target of GBX 300 ($3.98), indicating potential upside in the stock's value.
• The company recently announced a stock buyback program, which is often viewed as a sign that management believes the stock is undervalued.

Pets at Home Group (LON:PETS - Get Free Report)'s stock had its "no recommendation" rating reaffirmed by analysts at Shore Capital in a note issued to investors on Thursday, Marketbeat Ratings reports.

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 300 ($3.98) price objective on shares of Pets at Home Group in a research note on Thursday, May 29th.

Pets at Home Group Stock Down 3.8%

LON PETS traded down GBX 8.80 ($0.12) on Thursday, hitting GBX 220 ($2.92). 1,352,615 shares of the company were exchanged, compared to its average volume of 2,399,503. The company has a market cap of £1.00 billion, a PE ratio of 13.37, a PEG ratio of 2.66 and a beta of 0.69. Pets at Home Group has a 12 month low of GBX 193.90 ($2.57) and a 12 month high of GBX 317 ($4.21). The stock has a fifty day moving average of GBX 254.16 and a 200-day moving average of GBX 238.70. 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 released its quarterly earnings data on Wednesday, May 28th. The company reported GBX 21 ($0.28) earnings per share for the quarter. Pets at Home Group had a net margin of 5.36% and a return on equity of 8.05%. As a group, analysts forecast that Pets at Home Group will post 22.67844 earnings per share for the current year.

Pets at Home Group announced that its board has initiated a share repurchase program on Monday, June 9th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Insider Transactions at Pets at Home Group

In related news, insider Lyssa McGowan sold 80,878 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of GBX 266 ($3.53), for a total transaction of £215,135.48 ($285,552.80). Also, insider Michael Iddon sold 42,879 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of GBX 266 ($3.53), for a total transaction of £114,058.14 ($151,391.21). Company 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.