Pet Valu (TSE:PET) Director Matthew Reindel Acquires 5,000 Shares of Stock

Pet Valu Holdings Ltd. (TSE:PET) Director Matthew Reindel purchased 5,000 shares of Pet Valu stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of C$17.09 per share, for a total transaction of C$85,450.00. Following the completion of the purchase, the director directly owned 5,000 shares in the company, valued at approximately C$85,450. This trade represents a ∞ increase in their position.

Pet Valu Stock Performance

Pet Valu stock opened at C$17.25 on Wednesday. The company’s 50 day simple moving average is C$20.98 and its 200-day simple moving average is C$25.90. The company has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 12.59 and a beta of 1.27. Pet Valu Holdings Ltd. has a 1 year low of C$16.58 and a 1 year high of C$39.24.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on PET. ATB Cormark Capital Markets cut their target price on shares of Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Barclays downgraded shares of Pet Valu from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from C$28.00 to C$17.00 in a research note on Wednesday, May 13th. Raymond James Financial cut 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. Royal Bank Of Canada cut their target price on shares of Pet Valu from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus cut their target price on shares of Pet Valu from C$32.00 to C$23.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Pet Valu has a consensus rating of “Moderate Buy” and an average price target 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.