Pets at Home Group’s (PETS) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Pets at Home Group (LON:PETS) in a research note released on Thursday morning,Digital Look reports. They currently have a GBX 265 target price on the stock.

A number of other analysts also recently issued reports on PETS. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 230 price target on shares of Pets at Home Group in a report on Thursday, May 28th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 245 price objective on shares of Pets at Home Group in a report on Thursday, May 28th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 240.

Pets at Home Group Price Performance

Pets at Home Group stock opened at GBX 210.60 on Thursday. Pets at Home Group has a 12-month low of GBX 167.20 and a 12-month high of GBX 241.88. The stock has a market cap of £930.53 million, a P/E ratio of 15.49, a PEG ratio of 2.66 and a beta of 1.09. The company has a 50-day moving average price of GBX 187.82 and a 200 day moving average price of GBX 192.34. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 40.77.

Pets at Home Group (LON:PETS) last issued its earnings results on Wednesday, May 27th. The company reported GBX 14.80 EPS for the quarter. The company had revenue of GBX 146.96 billion for the quarter. Pets at Home Group had a net margin of 4.29% and a return on equity of 6.50%. Sell-side analysts anticipate that Pets at Home Group will post 22.67844 earnings per share for the current year.

Pets at Home Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, June 24th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, insider Natalie `Jane purchased 2,525 shares of Pets at Home Group stock in a transaction dated Monday, July 20th. The shares were acquired at an average cost of GBX 198 per share, with a total value of £4,999.50. Company insiders own 3.31% of the company’s stock.

Pets at Home Group Company Profile

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. We’ll help owners select the right food for their pet with nutrition consultations, help test the water is safe for their fish tank before new fish are introduced, and help socialise a new puppy with socilaisation and training classes – and much more.