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

Pet Valu Holdings Ltd. (TSE:PET – Get Free Report) insider Gregory Mark Ramier bought 2,800 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were 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 acquisition, the insider directly owned 2,800 shares of the company’s stock, valued at C$50,092. This trade represents a ∞ increase in their position.

Pet Valu Stock Up 1.7%

Shares of TSE:PET traded up C$0.30 on Thursday, reaching C$18.23. 89,823 shares of the company’s stock were exchanged, compared to its average volume of 226,116. The firm has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 13.31 and a beta of 1.27. Pet Valu Holdings Ltd. has a fifty-two week low of C$16.58 and a fifty-two week high of C$39.24. The business’s 50-day moving average is C$20.85 and its two-hundred day moving average is C$25.78.

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Pet Valu (TSE:PET – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported C$0.31 earnings per share for the quarter. The company 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%. Analysts predict that Pet Valu Holdings Ltd. will post 1.6820546 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PET has been the topic of a number of analyst reports. Desjardins dropped their price objective on shares of Pet Valu from C$32.00 to C$26.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. National Bank Financial decreased their target price on shares of Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating for the company in a report on Wednesday, May 13th. 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. Stifel Nicolaus decreased their price target on shares of Pet Valu from C$32.00 to C$23.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada decreased their price target on shares of Pet Valu from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.56.

Check Out Our Latest Stock Report on PET

About Pet Valu

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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.

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