Matthew Reindel Buys 5,000 Shares of Pet Valu (TSE:PET) Stock

Pet Valu Holdings Ltd. (TSE:PET) Director Matthew Reindel purchased 5,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of C$17.09 per share, with a total value of C$85,450.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at approximately C$85,450. The trade was a ? increase in their position.

Pet Valu Stock Performance

PET stock opened at C$17.93 on Thursday. The company has a fifty day moving average price of C$20.85 and a 200-day moving average price of C$25.78. The company has a market capitalization of C$1.22 billion, a P/E ratio of 13.09 and a beta of 1.27. Pet Valu Holdings Ltd. has a 52-week low of C$16.58 and a 52-week high of C$39.24.

Pet Valu (TSE:PET) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.31 earnings per share (EPS) 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 during the quarter. As a group, sell-side analysts forecast that Pet Valu Holdings Ltd. will post 1.6820546 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PET shares. TD Securities raised shares of Pet Valu to a “strong-buy” rating in a research note on Thursday, May 14th. Barclays downgraded shares of Pet Valu from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from C$28.00 to C$17.00 in a research note on Wednesday, May 13th. ATB Cormark Capital Markets lowered their target price on shares of Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Desjardins lowered their target price on shares of Pet Valu from C$32.00 to C$26.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Finally, National Bank Financial lowered their target price on shares of Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating for the company in a research note 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 issued a Hold rating to the stock. According to data from MarketBeat, Pet Valu presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.56.

About Pet Valu

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.