Principal Financial Group Inc. reduced its holdings in Central Garden & Pet Company (NASDAQ:CENTA – Free Report) by 6.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 264,847 shares of the company’s stock after selling 18,688 shares during the quarter. Principal Financial Group Inc.’s holdings in Central Garden & Pet were worth $8,586,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Central Garden & Pet by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,804,612 shares of the company’s stock worth $169,437,000 after buying an additional 20,819 shares during the last quarter. State Street Corp increased its stake in shares of Central Garden & Pet by 3.5% during the 2nd quarter. State Street Corp now owns 2,174,296 shares of the company’s stock valued at $68,034,000 after acquiring an additional 73,755 shares during the last quarter. LSV Asset Management increased its stake in shares of Central Garden & Pet by 53.4% during the 4th quarter. LSV Asset Management now owns 2,123,479 shares of the company’s stock valued at $61,984,000 after acquiring an additional 738,860 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Central Garden & Pet by 2.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,924,354 shares of the company’s stock worth $55,729,000 after acquiring an additional 54,930 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Central Garden & Pet by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,038,370 shares of the company’s stock worth $30,317,000 after acquiring an additional 17,263 shares during the period. 50.82% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Zacks Research downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Canaccord Genuity Group cut their price target on shares of Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Weiss Ratings upgraded shares of Central Garden & Pet from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. Wall Street Zen raised shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, JPMorgan Chase & Co. upped their price objective on Central Garden & Pet from $32.00 to $37.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Central Garden & Pet currently has an average rating of “Moderate Buy” and an average target price of $46.67.
Central Garden & Pet Stock Performance
NASDAQ CENTA opened at $38.45 on Monday. 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 1-year low of $25.97 and a 1-year high of $39.99. The firm has a market capitalization of $2.41 billion, a P/E ratio of 13.98 and a beta of 0.57. The business’s 50-day simple moving average is $36.86 and its 200-day simple moving average is $34.05.
Central Garden & Pet (NASDAQ:CENTA – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.08 by $0.21. Central Garden & Pet had a net margin of 5.42% and a return on equity of 11.55%. The firm had revenue of $906.15 million for the quarter, compared to analyst estimates of $846.58 million. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. Equities analysts predict that Central Garden & Pet Company will post 2.89 EPS for the current year.
Central Garden & Pet Profile
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.
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