State Street Corp Sells 14,620 Shares of Central Garden & Pet (NASDAQ:CENT)

State Street Corp decreased its stake in shares of Central Garden & Pet (NASDAQ:CENT) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 371,577 shares of the company’s stock after selling 14,620 shares during the period. State Street Corp owned approximately 0.55% of Central Garden & Pet worth $13,551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in Central Garden & Pet by 0.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 893,226 shares of the company’s stock valued at $32,576,000 after acquiring an additional 7,893 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Central Garden & Pet by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 777,297 shares of the company’s stock worth $29,926,000 after purchasing an additional 5,571 shares in the last quarter. American Century Companies Inc. lifted its position in Central Garden & Pet by 24.5% during the second quarter. American Century Companies Inc. now owns 162,647 shares of the company’s stock valued at $6,262,000 after buying an additional 32,009 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Central Garden & Pet by 1.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 148,910 shares of the company’s stock valued at $5,431,000 after buying an additional 2,450 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Central Garden & Pet by 11.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 112,305 shares of the company’s stock worth $4,096,000 after buying an additional 11,671 shares during the period. Hedge funds and other institutional investors own 16.13% of the company’s stock.

Central Garden & Pet Stock Up 0.5 %

Shares of Central Garden & Pet stock opened at $39.43 on Thursday. The stock has a market capitalization of $2.59 billion, a PE ratio of 24.37 and a beta of 0.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.19 and a current ratio of 3.66. The company has a 50-day simple moving average of $37.91 and a two-hundred day simple moving average of $38.00. Central Garden & Pet has a 52-week low of $32.17 and a 52-week high of $47.48.

Central Garden & Pet (NASDAQ:CENT) last posted its earnings results on Monday, November 25th. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.04. Central Garden & Pet had a return on equity of 9.31% and a net margin of 3.37%. The business had revenue of $669.49 million during the quarter, compared to analyst estimates of $707.83 million. The company’s revenue was down 10.8% on a year-over-year basis. On average, analysts anticipate that Central Garden & Pet will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Canaccord Genuity Group dropped their price objective on shares of Central Garden & Pet from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Truist Financial cut their price target on Central Garden & Pet from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $46.75.

Central Garden & Pet Profile

Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments: Pet and Garden. The Pet segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.