Pets at Home Group - PETS Share Forecast, Price & News

Pets at Home Group Plc engages in the specialist omnichannel retailing of pet food, pet related products, and pet accessories in the United Kingdom. It operates through three segments: Retail, Vet Group, and Central. The company offers a range of pet foods for dogs, cats, small animals, fish, reptiles, and birds. It also provides pet accessories, including cat litters, collars, leads and harnesses, bedding, housing, feeding, health and hygiene, travel, training, and enrichment products. In addition, the company offers pet grooming services comprising a full groom, bath and brush, microchipping, and nail clipping; and pet insurance products. Further, it operates First Opinion veterinary practices that provides pet healthcare advice services; and provides veterinary telehealth services. The company operates through 452 stores, 441 practices, and 316 grooming salons. It also provides products and services through online. Pets at Home Group Plc was founded in 1991 and is based in Handforth, the United Kingdom.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Shore Capital reiterated a "buy" rating on shares of Pets at Home Group in a report on Thursday, August 4th. Berenberg Bank cut their price objective on shares of Pets at Home Group from GBX 510 ($6.16) to GBX 470 ($5.68) and set a "buy" rating on the stock in a report on Wednesday, June 15th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 385 ($4.65) target price on shares of Pets at Home Group in a report on Monday, August 8th. Finally, Royal Bank of Canada cut Pets at Home Group to an "underperform" rating and decreased their price objective for the stock from GBX 330 ($3.99) to GBX 280 ($3.38) in a research note on Monday, July 4th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of GBX 451.67 ($5.46).

Pets at Home Group Price Performance

LON:PETS traded down GBX 8.40 ($0.10) during trading hours on Thursday, reaching GBX 356.80 ($4.31). 849,021 shares of the company were exchanged, compared to its average volume of 1,437,552. The company has a current ratio of 1.03, a quick ratio of 0.69 and a debt-to-equity ratio of 45.72. The firm has a market cap of £1.77 billion and a PE ratio of 1,504.40. Pets at Home Group has a twelve month low of GBX 266.80 ($3.22) and a twelve month high of GBX 524.50 ($6.34). The stock's 50-day moving average is GBX 318.97 and its 200-day moving average is GBX 337.28.

Pets at Home Group Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 12th. Investors of record on Thursday, June 16th were paid a GBX 7.50 ($0.09) dividend. The ex-dividend date of this dividend was Thursday, June 16th. This is a positive change from Pets at Home Group's previous dividend of $4.30. This represents a yield of 2.36%. Pets at Home Group's dividend payout ratio (DPR) is currently 40.83%.

Insiders Place Their Bets

In related news, insider Michael Iddon sold 60,450 shares of the stock in a transaction on Monday, May 30th. The stock was sold at an average price of GBX 340 ($4.11), for a total value of £205,530 ($248,344.61). In related news, insider Michael Iddon sold 60,450 shares of the company's stock in a transaction dated Monday, May 30th. The shares were sold at an average price of GBX 340 ($4.11), for a total transaction of £205,530 ($248,344.61). Also, insider Lyssa McGowan acquired 32,325 shares of the business's stock in a transaction on Wednesday, May 25th. The stock was acquired at an average price of GBX 309 ($3.73) per share, with a total value of £99,884.25 ($120,691.46).