Pets at Home Group Plc (LON:PETS) Insider Michael Iddon Sells 56,281 Shares

Pets at Home Group Plc (LON:PETS) insider Michael Iddon sold 56,281 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of GBX 310 ($3.93), for a total transaction of £174,471.10 ($221,325.76).

Michael Iddon also recently made the following trade(s):

• On Monday, June 17th, Michael Iddon sold 17,832 shares of Pets at Home Group stock. The shares were sold at an average price of GBX 289 ($3.67), for a total transaction of £51,534.48 ($65,374.20).

Pets at Home Group Trading Down 0.9 %

Shares of PETS opened at GBX 299.20 ($3.80) on Friday. The company has a debt-to-equity ratio of 45.27, a current ratio of 0.65 and a quick ratio of 0.57. Pets at Home Group Plc has a 1 year low of GBX 251 ($3.18) and a 1 year high of GBX 400.20 ($5.08). The company has a 50 day simple moving average of GBX 295.05 and a two-hundred day simple moving average of GBX 290.23. The firm has a market cap of £1.40 billion, a P/E ratio of 1,870.00, a price-to-earnings-growth ratio of 2.66 and a beta of 0.55.

Pets at Home Group Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 425 ($5.39) target price on shares of Pets at Home Group in a research note on Wednesday, March 20th. Berenberg Bank lowered their target price on shares of 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.

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.