Key Points
- Pet Valu director Carmine Fortino bought 10,000 shares on May 14 at C$17.26 each, spending C$172,600. The purchase leaves him with 10,000 shares and may signal insider confidence.
- The stock has been under pressure, trading near C$17.17 versus a 52-week high of C$39.24, with shares also below both the 50-day and 200-day moving averages.
- Analysts remain cautious but not outright bearish: several firms cut price targets, yet the consensus rating is still Moderate Buy with an average target of C$24.56.
Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) Director Carmine Fortino acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of C$17.26 per share, with a total value of C$172,600.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at C$172,600. The trade was a ∞ increase in their position.
Pet Valu Stock Performance
TSE PET opened at C$17.17 on Friday. Pet Valu Holdings Ltd. has a twelve month low of C$16.58 and a twelve month high of C$39.24. The stock has a market capitalization of C$1.18 billion, a PE ratio of 12.35 and a beta of 1.27. The stock has a 50-day simple moving average of C$21.40 and a 200 day simple moving average of C$26.28.
Pet Valu (TSE:PET - Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.31 earnings per share for the quarter. The business had revenue of C$287.94 million during the quarter. Pet Valu had a return on equity of 117.77% and a net margin of 8.11%. As a group, equities research analysts forecast that Pet Valu Holdings Ltd. will post 1.6820546 EPS for the current fiscal year.
Analysts Set New Price Targets
PET has been the subject of several recent research reports. Raymond James Financial cut their price target on Pet Valu from C$31.50 to C$21.00 and set an "outperform" rating for the company in a report on Wednesday. Canadian Imperial Bank of Commerce cut their price target on Pet Valu from C$28.00 to C$22.00 in a report on Wednesday. National Bank Financial cut their price target on Pet Valu from C$27.00 to C$22.00 and set a "sector perform" rating for the company in a report on Wednesday. TD Securities raised Pet Valu to a "strong-buy" rating in a report on Thursday. Finally, Stifel Nicolaus cut their price target on Pet Valu from C$32.00 to C$23.00 and set a "buy" rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$24.56.
View Our Latest Analysis on PET
Trending Headlines about Pet Valu
Here are the key news stories impacting Pet Valu this week:
- Positive Sentiment: Director Carmine Fortino bought 10,000 shares of Pet Valu Holdings Ltd. (TSE:PET) at C$17.26, a sign of insider confidence that can be viewed favorably by investors.
- Positive Sentiment: Several analysts still rate Pet Valu favorably despite cutting targets, including Desjardins and RBC at buy/outperform, while others maintained positive or near-positive views; consensus coverage remains Moderate Buy, suggesting long-term optimism remains intact. Pet Valu Holdings Ltd. (TSE:PET) Given Consensus Recommendation of "Moderate Buy" by Analysts
- Neutral Sentiment: Pet Valu was featured in an article calling it a “practically perfect” Canadian stock that is down 53% and could be bought and held long term, which may reinforce the view that the stock is deeply discounted rather than fundamentally broken. 1 Practically Perfect Canadian Stock Down 53% to Buy and Hold Forever
- Negative Sentiment: Multiple firms cut price targets for Pet Valu Holdings Ltd. (TSE:PET), including Barclays, Raymond James, National Bank, Stifel, ATB Cormark, CIBC, and RBC, indicating analysts have become less bullish on near-term valuation.
- Negative Sentiment: Barclays downgraded Pet Valu to Equal Weight from Overweight and sharply reduced its target, which likely weighed on sentiment and signals more cautious expectations for the stock.
Pet Valu Company Profile
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Get Free Report)
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.
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