Pets at Home Group Plc (LON:PETS – Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 294.64 ($3.74) and traded as high as GBX 306.88 ($3.89). Pets at Home Group shares last traded at GBX 301.80 ($3.83), with a volume of 930,640 shares changing hands.
Analyst Ratings Changes
A number of brokerages have recently issued reports on PETS. Berenberg Bank dropped their price objective on Pets at Home Group from GBX 390 ($4.95) to GBX 330 ($4.19) and set a “hold” rating on the stock in a research note on Thursday, May 30th. Jefferies Financial Group restated a “buy” rating and set a GBX 425 ($5.39) price target on shares of Pets at Home Group in a report on Wednesday, March 20th.
View Our Latest Stock Report on Pets at Home Group
Pets at Home Group Stock Up 0.3 %
Pets at Home Group Increases Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, July 16th. Investors of record on Thursday, June 6th will be given a dividend of GBX 8.30 ($0.11) per share. This represents a dividend yield of 2.93%. This is an increase from Pets at Home Group’s previous dividend of $4.50. The ex-dividend date of this dividend is Thursday, June 6th. Pets at Home Group’s dividend payout ratio (DPR) is presently 8,125.00%.
Insiders Place Their Bets
In related news, insider Michael Iddon sold 17,832 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of GBX 289 ($3.67), for a total transaction of £51,534.48 ($65,374.20). Insiders own 6.90% of the company’s stock.
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.
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