Pet Valu (TSE:PET) Shares Up 1.7% – Time to Buy?

Pet Valu Holdings Ltd. (TSE:PET)’s stock price shot up 1.7% on Tuesday . The stock traded as high as C$18.53 and last traded at C$18.38. 163,829 shares changed hands during trading, a decline of 33% from the average session volume of 246,233 shares. The stock had previously closed at C$18.07.

Analyst Ratings Changes

A number of research firms have issued reports on PET. ATB Cormark Capital Markets decreased their price target 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. Royal Bank Of Canada dropped their price objective on shares of Pet Valu from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. National Bank Financial cut their target price on 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 Pet Valu from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from C$28.00 to C$17.00 in a research note on Wednesday, May 13th. Finally, TD Securities raised Pet Valu to a “strong-buy” rating in a research report on Thursday, May 21st. One 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 company. According to MarketBeat, Pet Valu has an average rating of “Moderate Buy” and an average target price of C$24.56.

Pet Valu Trading Up 1.7%

The firm’s fifty day moving average price is C$18.93 and its two-hundred day moving average price is C$23.60. The stock has a market capitalization of C$1.25 billion, a PE ratio of 13.42 and a beta of 1.15.

Pet Valu (TSE:PET) last posted its earnings results on Tuesday, May 12th. The company reported C$0.31 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 for the quarter. As a group, sell-side analysts anticipate that Pet Valu Holdings Ltd. will post 1.6820546 earnings per share for the current fiscal year.

Insider Activity at Pet Valu

In other Pet Valu news, insider Gregory Mark Ramier bought 2,800 shares of Pet Valu stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of C$17.89 per share, for a total transaction of C$50,092.00. Following the completion of the transaction, the insider directly owned 2,800 shares of the company’s stock, valued at approximately C$50,092. This represents a ∞ increase in their ownership of the stock. Also, Director Carmine Fortino bought 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of C$17.26 per share, for a total transaction of C$172,600.00. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at approximately C$172,600. This represents a ∞ increase in their ownership of the stock. In the last ninety days, insiders bought 17,800 shares of company stock valued at $308,142. 0.29% of the stock is owned by insiders.

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.