Pets at Home Group (LON:PETS) Trading Down 16.7% – What’s Next?

Pets at Home Group Plc (LON:PETS)’s share price was down 16.7% on Friday . The stock traded as low as GBX 175.50 ($2.38) and last traded at GBX 190.20 ($2.58). Approximately 9,942,952 shares were traded during trading, an increase of 311% from the average daily volume of 2,418,653 shares. The stock had previously closed at GBX 228.40 ($3.10).

Wall Street Analyst Weigh In

Several analysts have weighed in on PETS shares. Deutsche Bank Aktiengesellschaft cut their target price on Pets at Home Group from GBX 285 to GBX 275 and set a “buy” rating on the stock in a research note on Friday, August 1st. Shore Capital reaffirmed a “no recommendation” rating on shares of Pets at Home Group in a research note on Thursday, July 31st. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 300 price objective on shares of Pets at Home Group in a research note on Thursday, May 29th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Pets at Home Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 273.33.

Pets at Home Group Stock Up 1.9%

The company has a debt-to-equity ratio of 43.13, a quick ratio of 0.57 and a current ratio of 0.63. The stock has a 50 day moving average price of GBX 230.57 and a 200 day moving average price of GBX 239.96. The company has a market cap of £883.93 million, a P/E ratio of 1,045.74, a P/E/G ratio of 2.66 and a beta of 0.69.

Pets at Home Group announced that its board has approved a share buyback program on Monday, June 9th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

About Pets at Home Group

We are the UK’s leading pet care business, providing pet owners with everything they need to be able to look after their pet – from food, toys and bedding, and grooming services, right the way through to first opinion veterinary care.

Our stores represent a unique environment and provide a practical, fun and unique experience for pet owners.