Pet Valu (TSE:PET) Shares Up 3.5% – Here’s Why

Pet Valu Holdings Ltd. (TSE:PET) traded up 3.5% on Monday . The company traded as high as C$19.49 and last traded at C$19.35. 133,538 shares changed hands during trading, a decline of 43% from the average daily volume of 235,805 shares. The stock had previously closed at C$18.70.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. TD Securities upgraded Pet Valu to a “strong-buy” rating in a report on Thursday, May 21st. Canadian Imperial Bank of Commerce lowered their price target on shares of Pet Valu from C$28.00 to C$22.00 in a research report on Wednesday, May 13th. ATB Cormark Capital Markets dropped their price objective on shares of Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Royal Bank Of Canada cut their price objective on shares of Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Raymond James Financial reduced their target price on shares of Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Pet Valu presently has a consensus rating of “Moderate Buy” and an average target price of C$24.33.

Pet Valu Stock Up 0.1%

The firm has a 50-day moving average of C$18.56 and a two-hundred day moving average of C$22.30. The company has a market capitalization of C$1.33 billion, a PE ratio of 14.21 and a beta of 1.13.

Pet Valu (TSE:PET) last posted its earnings results on Tuesday, May 12th. The company reported C$0.31 EPS for the quarter. The company 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%. On average, equities research analysts expect that Pet Valu Holdings Ltd. will post 1.6820546 EPS for the current year.

Insider Activity at Pet Valu

In related news, insider Gregory Mark Ramier acquired 2,800 shares of Pet Valu stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of C$17.89 per share, for a total transaction of C$50,092.00. Following the acquisition, the insider owned 2,800 shares in the company, valued at approximately C$50,092. This represents a ∞ increase in their ownership of the stock. Also, Director Carmine Fortino bought 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of C$17.26 per share, for a total transaction of C$172,600.00. Following the transaction, the director directly owned 10,000 shares of the company’s stock, valued at C$172,600. The trade was a ∞ increase in their ownership of the stock. In the last ninety days, insiders have purchased 17,800 shares of company stock worth $308,142. Company insiders own 0.29% of the company’s stock.

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.