Pets at Home Group (LON:PETS) Sets New 12-Month Low – What’s Next?

Pets at Home Group Plc (LON:PETS)’s stock price reached a new 52-week low on Wednesday . The company traded as low as GBX 167.20 and last traded at GBX 170.14, with a volume of 704385 shares trading hands. The stock had previously closed at GBX 172.

Analyst Upgrades and Downgrades

PETS has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 265 target price on shares of Pets at Home Group in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 230 price target on shares of Pets at Home Group in a research report on Thursday, May 28th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 245 price target on shares of Pets at Home Group in a report on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Pets at Home Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 240.

Pets at Home Group Price Performance

The company has a debt-to-equity ratio of 40.77, a quick ratio of 0.57 and a current ratio of 0.61. The business has a 50-day simple moving average of GBX 183.86 and a 200 day simple moving average of GBX 193.86. The firm has a market cap of £799.12 million, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 2.66 and a beta of 1.08.

Pets at Home Group (LON:PETS) last issued its quarterly earnings data on Wednesday, May 27th. The company reported GBX 14.80 earnings per share for the quarter. Pets at Home Group had a return on equity of 6.50% and a net margin of 4.29%.The firm had revenue of GBX 146.96 billion for the quarter. On average, analysts anticipate that Pets at Home Group Plc will post 22.67844 earnings per share for the current fiscal year.

Pets at Home Group announced that its board has authorized a stock repurchase plan on Wednesday, June 24th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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.