Pets at Home Group (LON:PETS) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Pets at Home Group Plc (LON:PETS) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 193.16 and traded as low as GBX 175. Pets at Home Group shares last traded at GBX 179.80, with a volume of 867,740 shares trading hands.

Wall Street Analyst Weigh In

PETS has been the subject of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 265 target price on shares of Pets at Home Group in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 230 price target on shares of Pets at Home Group in a research report on Thursday, May 28th. Finally, 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 240.

Pets at Home Group Price Performance

The company has a debt-to-equity ratio of 40.77, a quick ratio of 0.57 and a current ratio of 0.61. The stock’s fifty day simple moving average is GBX 182.82 and its two-hundred day simple moving average is GBX 193.16. The company has a market capitalization of £795.22 million, a price-to-earnings ratio of 13.22, a P/E/G ratio of 2.66 and a beta of 1.08.

Pets at Home Group (LON:PETS) last announced its quarterly earnings data 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. On average, sell-side analysts anticipate that Pets at Home Group Plc will post 22.67844 EPS for the current year.

Pets at Home Group declared that its board has approved a share repurchase program on Wednesday, June 24th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board 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.