Insider Buying: Pet Valu (TSE:PET) Director Purchases 5,000 Shares of Stock

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

Pet Valu Stock Performance

Shares of Pet Valu stock traded down C$0.27 on Tuesday, hitting C$17.40. The company had a trading volume of 127,425 shares, compared to its average volume of 225,498. The stock has a market capitalization of C$1.19 billion, a price-to-earnings ratio of 12.70 and a beta of 1.27. Pet Valu Holdings Ltd. has a 1 year low of C$16.58 and a 1 year high of C$39.24. The stock has a 50 day moving average of C$21.12 and a 200-day moving average of C$26.02.

Pet Valu (TSE:PET) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.31 EPS for the quarter. The firm had revenue of C$287.94 million during the quarter. Pet Valu had a return on equity of 117.77% and a net margin of 8.11%. Equities analysts anticipate that Pet Valu Holdings Ltd. will post 1.6820546 earnings per share for the current year.

Analysts Set New Price Targets

PET has been the subject of several recent analyst reports. Barclays lowered Pet Valu from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from C$28.00 to C$17.00 in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce reduced their target price on Pet Valu from C$28.00 to C$22.00 in a report on Wednesday, May 13th. National Bank Financial reduced their target price on Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating for the company in a report on Wednesday, May 13th. Raymond James Financial reduced their target price on Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Finally, Stifel Nicolaus reduced their target price on Pet Valu from C$32.00 to C$23.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.