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 reiterated by stock analysts at Shore Capital in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports.

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

Pets at Home Group Price Performance

Shares of PETS stock traded up GBX 5 ($0.07) during trading hours on Thursday, hitting GBX 225 ($2.99). The stock had a trading volume of 613,528 shares, compared to its average volume of 2,387,517. Pets at Home Group has a one year low of GBX 193.90 ($2.57) and a one year high of GBX 317 ($4.21). The company has a debt-to-equity ratio of 43.13, a current ratio of 0.63 and a quick ratio of 0.57. The stock's 50-day moving average price is GBX 254.16 and its two-hundred day moving average price is GBX 239.24. The stock has a market capitalization of £1.03 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 2.66 and a beta of 0.69.

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

Pets at Home Group declared that its Board of Directors has initiated a stock buyback plan on Monday, June 9th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Activity at Pets at Home Group

In other news, insider Lyssa McGowan sold 80,878 shares of Pets at Home Group stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of GBX 266 ($3.53), for a total transaction of £215,135.48 ($285,666.55). Also, insider Michael Iddon sold 42,879 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of GBX 266 ($3.53), for a total transaction of £114,058.14 ($151,451.52). 1.80% of the stock is owned by insiders.

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.