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

Pets at Home Group (LON:PETS)‘s stock had its “no recommendation” rating restated by investment analysts at Shore Capital in a research note issued on Thursday, Marketbeat.com reports.

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

Pets at Home Group Stock Down 3.8%

Shares of LON:PETS opened at GBX 220 ($2.92) on Thursday. Pets at Home Group has a 1 year low of GBX 193.90 ($2.57) and a 1 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 business’s 50-day moving average is GBX 254.16 and its 200-day moving average is GBX 238.70. The company has a market capitalization of £1.00 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 2.66 and a beta of 0.69.

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

Pets at Home Group declared that its board has authorized a share repurchase program on Monday, June 9th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity at Pets at Home Group

In other Pets at Home Group news, insider Lyssa McGowan sold 80,878 shares of the company’s stock in a transaction 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 ($285,552.80). Also, insider Michael Iddon sold 42,879 shares of the firm’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of GBX 266 ($3.53), for a total transaction of £114,058.14 ($151,391.21). 1.80% of the stock is currently owned by corporate insiders.

About Pets at Home Group

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.