Skylands Capital LLC Decreases Stock Holdings in Central Garden & Pet Company $CENTA

Skylands Capital LLC lowered its holdings in shares of Central Garden & Pet Company (NASDAQ:CENTA) by 82.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CENTA. Aster Capital Management DIFC Ltd purchased a new stake in shares of Central Garden & Pet during the 4th quarter valued at about $25,000. Advisory Services Network LLC purchased a new position in Central Garden & Pet in the third quarter worth about $29,000. EverSource Wealth Advisors LLC increased its stake in Central Garden & Pet by 444.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company’s stock worth $31,000 after acquiring an additional 817 shares during the last quarter. IFP Advisors Inc raised its position in Central Garden & Pet by 198.4% during the fourth quarter. IFP Advisors Inc now owns 1,131 shares of the company’s stock valued at $33,000 after purchasing an additional 752 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in Central Garden & Pet by 577.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,654 shares of the company’s stock valued at $48,000 after purchasing an additional 1,410 shares during the period. 50.82% of the stock is owned by hedge funds and other institutional investors.

Central Garden & Pet Price Performance

Shares of NASDAQ CENTA opened at $39.32 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.45 and a quick ratio of 2.16. The company 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 1 year low of $25.97 and a 1 year high of $39.95. The firm has a 50-day simple moving average of $35.29 and a two-hundred day simple moving average of $32.88.

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

Wall Street Analyst Weigh In

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

Central Garden & Pet Profile

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.