Insider Buying: Pet Valu (TSE:PET) Insider Purchases C$50,092.00 in Stock

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

Pet Valu Stock Down 1.0%

Shares of PET opened at C$17.81 on Friday. The company has a market cap of C$1.21 billion, a price-to-earnings ratio of 13.00 and a beta of 1.27. Pet Valu Holdings Ltd. has a twelve month low of C$16.58 and a twelve month high of C$39.24. The company has a 50 day moving average of C$20.63 and a two-hundred day moving average of C$25.61.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on PET. TD Securities upgraded shares of Pet Valu to a “strong-buy” rating in a research note on Thursday. National Bank Financial reduced their target price on shares of 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. Barclays cut shares of Pet Valu from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from C$28.00 to C$17.00 in a report on Wednesday, May 13th. Desjardins reduced their target price on shares of Pet Valu from C$32.00 to C$26.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce reduced their target price on shares of Pet Valu from C$28.00 to C$22.00 in a report on Wednesday, May 13th. One 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, Pet Valu currently has a consensus rating of “Moderate Buy” and a consensus target price 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.