Skylands Capital LLC Sells 20,200 Shares of Central Garden & Pet Company $CENTA

Skylands Capital LLC lessened its stake in Central Garden & Pet Company (NASDAQ:CENTA) by 82.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,400 shares of the company’s stock after selling 20,200 shares during the quarter. Skylands Capital LLC’s holdings in Central Garden & Pet were worth $143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CENTA. Royal Bank of Canada grew its stake in Central Garden & Pet by 15.9% in the 1st quarter. Royal Bank of Canada now owns 18,471 shares of the company’s stock worth $605,000 after acquiring an additional 2,532 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Central Garden & Pet by 56.8% in the first quarter. AQR Capital Management LLC now owns 48,438 shares of the company’s stock valued at $1,585,000 after purchasing an additional 17,556 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Central Garden & Pet by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,421 shares of the company’s stock valued at $996,000 after purchasing an additional 743 shares during the period. Millennium Management LLC grew its stake in Central Garden & Pet by 179.2% in the first quarter. Millennium Management LLC now owns 180,907 shares of the company’s stock worth $5,921,000 after purchasing an additional 116,101 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Central Garden & Pet by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 263,518 shares of the company’s stock worth $8,625,000 after purchasing an additional 12,749 shares in the last quarter. Institutional investors own 50.82% of the company’s stock.

Central Garden & Pet Price Performance

Central Garden & Pet stock opened at $39.32 on Monday. The business has a fifty day moving average of $35.29 and a two-hundred day moving average of $32.88. The company has a quick ratio of 2.16, a current ratio of 3.45 and a debt-to-equity ratio of 0.72. The firm has a market cap of $2.46 billion, a P/E ratio of 14.30 and a beta of 0.59. Central Garden & Pet Company has a twelve month low of $25.97 and a twelve month high of $39.95.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.21. The business had revenue of $906.15 million for the quarter, compared to the consensus estimate of $846.58 million. Central Garden & Pet had a return on equity of 11.55% and a net margin of 5.42%.Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. On average, analysts forecast that Central Garden & Pet Company will post 2.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CENTA shares. Wall Street Zen raised Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research raised shares of Central Garden & Pet from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. JPMorgan Chase & Co. dropped their target price on shares of Central Garden & Pet from $33.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, April 17th. Finally, Canaccord Genuity Group cut their target price on shares of Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

About Central Garden & Pet

Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.

The company’s Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.