Pets at Home Group Plc (LON:PETS) Insider Sells £51,534.48 in Stock

Pets at Home Group Plc (LON:PETS) insider Michael Iddon sold 17,832 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of GBX 289 ($3.67), for a total transaction of £51,534.48 ($65,482.19).

Pets at Home Group Stock Performance

PETS stock traded up GBX 3.20 ($0.04) during midday trading on Wednesday, hitting GBX 301.20 ($3.83). The stock had a trading volume of 616,154 shares, compared to its average volume of 1,009,132. The firm has a market capitalization of £1.41 billion, a price-to-earnings ratio of 1,862.50, a P/E/G ratio of 2.66 and a beta of 0.55. Pets at Home Group Plc has a 52 week low of GBX 251 ($3.19) and a 52 week high of GBX 400.20 ($5.09). The stock has a 50-day simple moving average of GBX 291.63 and a 200 day simple moving average of GBX 290.35. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 45.27.

Pets at Home Group Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, July 16th. Investors of record on Thursday, June 6th will be given a GBX 8.30 ($0.11) dividend. This is a boost from Pets at Home Group’s previous dividend of $4.50. This represents a yield of 2.93%. The ex-dividend date of this dividend is Thursday, June 6th. Pets at Home Group’s dividend payout ratio (DPR) is 8,125.00%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 425 ($5.40) price objective on shares of Pets at Home Group in a research note on Wednesday, March 20th. Berenberg Bank lowered their price objective on shares of Pets at Home Group from GBX 390 ($4.96) to GBX 330 ($4.19) and set a “hold” rating on the stock in a research note on Thursday, May 30th.

About Pets at Home Group

Pets at Home Group Plc engages in the specialist omnichannel retailing of pet food, pet related products, and pet accessories in the United Kingdom. It operates through three segments: Retail, Vet Group, and Central. The company offers pet grooming services comprising a full dog groom, bath, microchipping, and nail clipping; and pet insurance products.