Pet Valu (TSE:PET) Insider Gregory Mark Ramier Purchases 2,800 Shares of Stock

Pet Valu Holdings Ltd. (TSE:PET) insider Gregory Mark Ramier acquired 2,800 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was bought at an average cost of C$17.89 per share, for a total transaction of C$50,092.00. Following the completion of the transaction, the insider directly owned 2,800 shares of the company’s stock, valued at C$50,092. This trade represents a ∞ increase in their ownership of the stock.

Pet Valu Price Performance

Shares of TSE PET opened at C$17.99 on Friday. Pet Valu Holdings Ltd. has a 1-year low of C$16.58 and a 1-year high of C$39.24. The company has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 13.13 and a beta of 1.27. The business has a 50-day moving average of C$20.74 and a 200-day moving average of C$25.66.

Pet Valu (TSE:PET) last announced its earnings results on Tuesday, May 12th. The company reported C$0.31 EPS for the quarter. The business had revenue of C$287.94 million for the quarter. Pet Valu had a return on equity of 117.77% and a net margin of 8.11%. Research analysts expect that Pet Valu Holdings Ltd. will post 1.6820546 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PET shares. Barclays downgraded shares of Pet Valu from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from C$28.00 to C$17.00 in a research note on Wednesday, May 13th. TD Securities raised shares of Pet Valu to a “strong-buy” rating in a research note on Thursday. Desjardins decreased their price objective on shares of Pet Valu from C$32.00 to C$26.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Royal Bank Of Canada lowered their target price on Pet Valu from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus dropped their target price on Pet Valu from C$32.00 to C$23.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pet Valu currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.56.

Pet Valu Company Profile

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.