Key Points
- Insider buying: Gregory Mark Ramier purchased 2,800 shares of Pet Valu on May 21 at an average price of C$17.89, totaling about C$50,092.
- Stock and valuation context: Pet Valu opened at C$17.99 and has traded between C$16.58 and C$39.24 over the past year, with a market cap of C$1.23 billion and a P/E ratio of 13.13.
- Analyst sentiment has softened: Several firms recently cut price targets, and the stock now carries a consensus rating of Moderate Buy with a consensus target price of C$24.56.
Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) insider Gregory Mark Ramier purchased 2,800 shares of Pet Valu stock in a transaction dated Thursday, May 21st. The stock was acquired at an average price of C$17.89 per share, for a total transaction of C$50,092.00. Following the completion of the transaction, the insider owned 2,800 shares in the company, valued at approximately C$50,092. The trade was a ∞ increase in their position.
Pet Valu Stock Performance
TSE PET opened at C$17.99 on Friday. Pet Valu Holdings Ltd. has a one year low of C$16.58 and a one year high of C$39.24. The company has a 50-day simple moving average of C$20.74 and a 200-day simple moving average of C$25.66. The firm has a market capitalization of C$1.23 billion, a PE ratio of 13.13 and a beta of 1.27.
Pet Valu (TSE:PET - Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.31 earnings per share for the quarter. Pet Valu had a net margin of 8.11% and a return on equity of 117.77%. The firm had revenue of C$287.94 million for the quarter. Equities analysts forecast that Pet Valu Holdings Ltd. will post 1.6820546 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms recently issued reports on PET. National Bank Financial reduced their price objective on Pet Valu from C$27.00 to C$22.00 and set a "sector perform" rating for the company in a research report on Wednesday, May 13th. Canadian Imperial Bank of Commerce dropped their target price on Pet Valu from C$28.00 to C$22.00 in a research report on Wednesday, May 13th. Stifel Nicolaus cut their target price on Pet Valu from C$32.00 to C$23.00 and set a "buy" rating on the stock in a research note on Wednesday, May 13th. Desjardins reduced 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, Royal Bank Of Canada dropped their price objective on shares of Pet Valu from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$24.56.
Check Out Our Latest Report on Pet Valu
Pet Valu Company Profile
(
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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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