Gregory Mark Ramier Purchases 2,800 Shares of Pet Valu (TSE:PET) Stock

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

Pet Valu Stock Performance

Shares of TSE:PET opened at C$17.81 on Friday. 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$1.21 billion, a P/E ratio of 13.00 and a beta of 1.27. The stock has a 50 day moving average price of C$20.63 and a 200-day moving average price of C$25.61.

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

Wall Street Analysts Forecast Growth

PET has been the subject of several research reports. TD Securities raised Pet Valu to a “strong-buy” rating in a research report on Thursday. Desjardins decreased their target price on Pet Valu from C$32.00 to C$26.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. ATB Cormark Capital Markets decreased their target price on Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Barclays lowered Pet Valu from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from C$28.00 to C$17.00 in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada decreased their target price on Pet Valu from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. One 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.