Michael Iddon Sells 60,450 Shares of Pets at Home Group Plc (LON:PETS) Stock

Pets at Home Group Plc (LON:PETS – Get Rating) insider Michael Iddon sold 60,450 shares of the company’s stock in a transaction on Monday, May 30th. The stock was sold at an average price of GBX 340 ($4.30), for a total transaction of £205,530 ($260,032.89).

Shares of PETS stock traded down GBX 8.20 ($0.10) during trading on Wednesday, hitting GBX 338.80 ($4.29). The company had a trading volume of 4,355,271 shares, compared to its average volume of 1,518,865. Pets at Home Group Plc has a 52 week low of GBX 266.80 ($3.38) and a 52 week high of GBX 524.50 ($6.64). The company has a quick ratio of 0.69, a current ratio of 1.03 and a debt-to-equity ratio of 45.72. The stock’s 50-day moving average is GBX 318.65 and its two-hundred day moving average is GBX 388.23. The stock has a market capitalization of £1.69 billion and a price-to-earnings ratio of 14.13.

The firm also recently declared a dividend, which will be paid on Tuesday, July 12th. Shareholders of record on Thursday, June 16th will be given a dividend of GBX 7.50 ($0.09) per share. This is a boost from Pets at Home Group’s previous dividend of $4.30. This represents a yield of 2.36%. The ex-dividend date of this dividend is Thursday, June 16th. Pets at Home Group’s dividend payout ratio (DPR) is presently 0.33%.

PETS has been the subject of several recent analyst reports. Peel Hunt reiterated a “buy” rating and issued a GBX 475 ($6.01) target price on shares of Pets at Home Group in a research note on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Pets at Home Group from GBX 430 ($5.44) to GBX 385 ($4.87) and set a “buy” rating for the company in a research report on Wednesday, May 25th. Shore Capital restated a “buy” rating on shares of Pets at Home Group in a research report on Tuesday, May 24th. Royal Bank of Canada reduced their price target on shares of Pets at Home Group from GBX 370 ($4.68) to GBX 330 ($4.18) and set an “outperform” rating for the company in a research report on Monday. Finally, Berenberg Bank dropped their price objective on shares of Pets at Home Group from GBX 570 ($7.21) to GBX 510 ($6.45) and set a “buy” rating on the stock in a report on Friday, April 8th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 478.57 ($6.05).

Pets at Home Group Company Profile (Get Rating)

Pets at Home Group Plc engages in the specialist omnichannel retailing of pet food, pet related products, and pet accessories in the United Kingdom. It operates through three segments: Retail, Vet Group, and Central. The company offers a range of pet foods for dogs, cats, small animals, fish, reptiles, and birds.

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