Pets at Home Group (LON:PETS) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Pets at Home Group Plc (LON:PETS) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 192.08 and traded as low as GBX 190.40. Pets at Home Group shares last traded at GBX 191.21, with a volume of 798,023 shares.

Analyst Upgrades and Downgrades

PETS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 230 target price on shares of Pets at Home Group in a report on Thursday, May 28th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 245 price target on shares of Pets at Home Group in a research note on Thursday, May 28th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 265 price target on shares of Pets at Home Group in a research report on Monday, July 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Pets at Home Group has an average rating of “Moderate Buy” and an average price target of GBX 240.

Pets at Home Group Stock Up 0.5%

The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 40.77. The stock has a market capitalization of £850.83 million, a P/E ratio of 14.16, a PEG ratio of 2.66 and a beta of 1.09. The company has a fifty day moving average price of GBX 182.72 and a 200-day moving average price of GBX 192.02.

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

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

About Pets at Home Group

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.