Pets at Home Group (LON:PETS) Share Price Passes Below Two Hundred Day Moving Average of $288.25

Pets at Home Group Plc (LON:PETS)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 288.25 ($3.68) and traded as low as GBX 285.40 ($3.65). Pets at Home Group shares last traded at GBX 288.40 ($3.69), with a volume of 492,776 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PETS. Berenberg Bank dropped their price target on Pets at Home Group from GBX 390 ($4.98) to GBX 330 ($4.22) and set a “hold” rating on the stock in a research note on Thursday, May 30th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 350 ($4.47) target price on shares of Pets at Home Group in a research note on Thursday, August 1st.

Pets at Home Group Price Performance

The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 45.27. The firm’s fifty day moving average price is GBX 301.14 and its 200 day moving average price is GBX 288.16. The firm has a market capitalization of £1.36 billion, a PE ratio of 1,815.00, a P/E/G ratio of 2.66 and a beta of 0.55.

Pets at Home Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 16th. Shareholders of record on Thursday, June 6th were paid a dividend of GBX 8.30 ($0.11) per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a dividend yield of 2.93%. This is a positive change from Pets at Home Group’s previous dividend of $4.50. Pets at Home Group’s dividend payout ratio (DPR) is presently 8,125.00%.

Insider Transactions at Pets at Home Group

In related news, insider Michael Iddon sold 17,832 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of GBX 289 ($3.69), for a total value of £51,534.48 ($65,858.76). Company insiders own 6.90% of the company’s stock.

Pets at Home Group Company Profile

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 pet grooming services comprising a full dog groom, bath, microchipping, and nail clipping; and pet insurance products.