Pet Valu (TSE:PET) Director Acquires C$85,450.00 in Stock

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

Pet Valu Price Performance

TSE PET opened at C$17.99 on Friday. Pet Valu Holdings Ltd. has a 1 year low of C$16.58 and a 1 year high of C$39.24. The company has a market capitalization of C$1.23 billion, a PE ratio of 13.13 and a beta of 1.27. The company has a fifty day moving average of C$20.74 and a two-hundred day moving average of C$25.66.

Pet Valu (TSE:PET) last announced its earnings results 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, research analysts expect that Pet Valu Holdings Ltd. will post 1.6820546 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. ATB Cormark Capital Markets reduced their target price 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. TD Securities raised shares of Pet Valu to a “strong-buy” rating in a report on Thursday, May 14th. Barclays cut shares of 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 shares of Pet Valu from C$28.00 to C$22.00 in a report on Wednesday, May 13th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$24.56.

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.