New York State Teachers Retirement System Sells 17,341 Shares of Central Garden & Pet Company $CENTA

New York State Teachers Retirement System lessened its stake in Central Garden & Pet Company (NASDAQ:CENTA) by 19.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,816 shares of the company’s stock after selling 17,341 shares during the quarter. New York State Teachers Retirement System owned 0.12% of Central Garden & Pet worth $2,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new stake in Central Garden & Pet during the 4th quarter valued at about $25,000. Advisory Services Network LLC purchased a new position in Central Garden & Pet in the third quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its stake in shares of Central Garden & Pet by 444.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company’s stock worth $31,000 after buying an additional 817 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Central Garden & Pet by 198.4% during the fourth quarter. IFP Advisors Inc now owns 1,131 shares of the company’s stock valued at $33,000 after buying an additional 752 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Central Garden & Pet by 577.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,654 shares of the company’s stock valued at $48,000 after buying an additional 1,410 shares during the last quarter. 50.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group reduced their price target on shares of Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Wall Street Zen upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research raised Central Garden & Pet from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Central Garden & Pet in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered their price target on Central Garden & Pet from $33.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Central Garden & Pet Stock Performance

Shares of CENTA opened at $37.53 on Friday. The firm has a market capitalization of $2.35 billion, a P/E ratio of 13.65 and a beta of 0.57. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.45 and a quick ratio of 2.16. Central Garden & Pet Company has a one year low of $25.97 and a one year high of $39.99. The business has a fifty day moving average of $36.04 and a 200 day moving average of $33.41.

Central Garden & Pet (NASDAQ:CENTA) last posted its earnings results on Wednesday, May 6th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.21. The company had revenue of $906.15 million for the quarter, compared to the consensus estimate of $846.58 million. Central Garden & Pet had a return on equity of 11.55% and a net margin of 5.42%.Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. As a group, sell-side analysts anticipate that Central Garden & Pet Company will post 2.89 EPS for the current year.

About Central Garden & Pet

Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.

The company’s Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.