Central Garden & Pet (NASDAQ:CENT) Stock Holdings Reduced by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in Central Garden & Pet (NASDAQ:CENT) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 556,236 shares of the company’s stock after selling 2,144 shares during the quarter. Geode Capital Management LLC owned about 0.82% of Central Garden & Pet worth $20,287,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Central Garden & Pet by 51.4% in the third quarter. Barclays PLC now owns 34,944 shares of the company’s stock worth $1,275,000 after buying an additional 11,865 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Central Garden & Pet in the third quarter valued at about $258,000. Hotchkis & Wiley Capital Management LLC grew its holdings in Central Garden & Pet by 1.7% in 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 during the last quarter. Glenmede Trust Co. NA increased its position in Central Garden & Pet by 23.2% during the third quarter. Glenmede Trust Co. NA now owns 2,101 shares of the company’s stock worth $77,000 after acquiring an additional 395 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Central Garden & Pet by 5.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,060 shares of the company’s stock valued at $330,000 after purchasing an additional 464 shares during the last quarter. Institutional investors own 16.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CENT shares. Canaccord Genuity Group decreased their price target on shares of Central Garden & Pet from $48.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Truist Financial lowered 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 research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $46.75.

Central Garden & Pet Stock Down 0.1 %

Shares of CENT opened at $39.16 on Friday. The company has a 50-day moving average price of $38.07 and a two-hundred day moving average price of $37.98. The company has a quick ratio of 2.19, a current ratio of 3.66 and a debt-to-equity ratio of 0.76. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 24.20 and a beta of 0.80. Central Garden & Pet has a 12 month low of $32.17 and a 12 month high of $47.48.

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

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.