Matthew Reindel Buys 5,000 Shares of Pet Valu (TSE:PET) Stock

Pet Valu Holdings Ltd. (TSE:PET) Director Matthew Reindel acquired 5,000 shares of Pet Valu stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of C$17.09 per share, for a total transaction of C$85,450.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at C$85,450. The trade was a ? increase in their ownership of the stock.

Pet Valu Price Performance

PET stock traded down C$0.27 during midday trading on Tuesday, reaching C$17.40. 127,425 shares of the stock were exchanged, compared to its average volume of 225,498. The stock has a market capitalization of C$1.19 billion, a PE ratio of 12.70 and a beta of 1.27. Pet Valu Holdings Ltd. has a 52 week low of C$16.58 and a 52 week high of C$39.24. The company has a fifty day moving average price of C$21.12 and a 200 day moving average price of C$26.02.

Pet Valu (TSE:PET) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.31 EPS for the quarter. Pet Valu had a return on equity of 117.77% and a net margin of 8.11%.The firm had revenue of C$287.94 million for the quarter. As a group, analysts anticipate that Pet Valu Holdings Ltd. will post 1.6820546 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank Of Canada reduced their price target on Pet Valu from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. TD Securities raised Pet Valu to a “strong-buy” rating in a research note on Thursday, May 14th. Raymond James Financial dropped their price objective on Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Desjardins dropped their price objective on Pet Valu from C$32.00 to C$26.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Finally, Barclays downgraded Pet Valu from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from C$28.00 to C$17.00 in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$24.56.

Pet Valu Company Profile

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.