Key Points
- Pet Valu director Matthew Reindel bought 5,000 shares on May 15 at an average price of C$17.09, a total purchase of C$85,450.
- The stock was trading down 2.4% at C$17.25, near its 52-week low of C$16.58 and well below its 52-week high of C$39.24.
- Analysts remain generally positive overall, with a Moderate Buy consensus and an average price target of C$24.56, though several firms recently cut their targets.
Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) Director Matthew Reindel acquired 5,000 shares of the company's stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of C$17.09 per share, for a total transaction of C$85,450.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at approximately C$85,450. The trade was a ∞ increase in their position.
Pet Valu Trading Down 2.4%
Shares of TSE:PET opened at C$17.25 on Wednesday. Pet Valu Holdings Ltd. has a 52 week low of C$16.58 and a 52 week high of C$39.24. The company's 50 day moving average is C$20.98 and its two-hundred day moving average is C$25.90. The company has a market cap of C$1.17 billion, a PE ratio of 12.59 and a beta of 1.27.
Pet Valu (TSE:PET - Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.31 EPS for the quarter. Pet Valu had a net margin of 8.11% and a return on equity of 117.77%. The company had revenue of C$287.94 million for the quarter. As a group, equities research analysts expect that Pet Valu Holdings Ltd. will post 1.6820546 EPS for the current year.
Wall Street Analyst Weigh In
PET has been the topic of several research reports. Raymond James Financial lowered their price target on shares of Pet Valu from C$31.50 to C$21.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 13th. Royal Bank Of Canada lowered their price target on shares of 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. Barclays downgraded shares of Pet Valu from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from C$28.00 to C$17.00 in a report on Wednesday, May 13th. Desjardins lowered their price target on shares of Pet Valu from C$32.00 to C$26.00 and set a "buy" rating for the company in a report on Wednesday, May 13th. Finally, Stifel Nicolaus lowered their price target on shares of Pet Valu from C$32.00 to C$23.00 and set a "buy" rating for the company in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$24.56.
View Our Latest Stock Analysis on PET
About Pet Valu
(
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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