Pets at Home Group (LON:PETS) Sets New 52-Week Low – Time to Sell?

Shares of Pets at Home Group Plc (LON:PETS) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 246.20 ($3.09) and last traded at GBX 258.20 ($3.25), with a volume of 787280 shares changing hands. The stock had previously closed at GBX 277 ($3.48).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 350 ($4.40) price target on shares of Pets at Home Group in a research report on Thursday, August 1st.

Pets at Home Group Stock Performance

The company has a debt-to-equity ratio of 43.13, a quick ratio of 0.57 and a current ratio of 0.63. The company has a market cap of £1.16 billion, a PE ratio of 1,731.25, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. The company’s 50 day moving average price is GBX 298.39 and its 200-day moving average price is GBX 299.09.

Pets at Home Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 5th will be given a GBX 4.70 ($0.06) dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend is Thursday, December 5th. Pets at Home Group’s dividend payout ratio is currently 8,125.00%.

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.