Insider Buying: Pet Valu (TSE:PET) Insider Acquires 2,800 Shares of Stock

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

Pet Valu Stock Up 1.7%

Shares of TSE:PET traded up C$0.30 during trading on Thursday, reaching C$18.23. The stock had a trading volume of 89,823 shares, compared to its average volume of 226,116. Pet Valu Holdings Ltd. has a 52 week low of C$16.58 and a 52 week high of C$39.24. The firm has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 13.31 and a beta of 1.27. The stock has a fifty day simple moving average of C$20.85 and a two-hundred day simple moving average of C$25.78.

Pet Valu (TSE:PET) last released its quarterly 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 company had revenue of C$287.94 million for the quarter. On average, analysts forecast that Pet Valu Holdings Ltd. will post 1.6820546 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PET. TD Securities raised shares of Pet Valu to a “strong-buy” rating in a research report on Thursday, May 14th. National Bank Financial dropped their target price on shares of Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 13th. Barclays lowered shares of Pet Valu from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from C$28.00 to C$17.00 in a research report on Wednesday, May 13th. ATB Cormark Capital Markets lowered their price target on shares of Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce lowered their price target on shares of Pet Valu from C$28.00 to C$22.00 in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus 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.