Rating Report: Goldman Sachs Gives Pets At Home Group Plc (LON:PETS) Lower Rating. The Target Price is GBX 235.00

November 28, 2016 - By Clifton Ray

Pets At Home Group Plc (LON:PETS) Downgrade

Goldman Sachs gave Pets At Home Group Plc (LON:PETS) shares a new Neutral rating in analysts note revealed to clients on Monday, 28 November. The firm’s target price on the stock is GBX 235.00.

Pets at Home Group PLC (LON:PETS) Ratings Coverage

Out of 8 analysts covering Pets At Home Group Plc (LON:PETS), 5 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 63% are positive. GBX 360 is the highest target while GBX 200 is the lowest. The GBX 270.14 average target is 25.47% above today’s (GBX 215.3) stock price. Pets At Home Group Plc has been the topic of 51 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Beaufort Securities maintained Pets at Home Group PLC (LON:PETS) on Thursday, January 21 with “Buy” rating. The firm has “Buy” rating given on Monday, November 23 by Nomura. The firm has “Buy” rating given on Tuesday, October 27 by Liberum Capital. On Friday, August 21 the stock rating was maintained by Berenberg with “Buy”. On Wednesday, September 16 the stock rating was maintained by HSBC with “Buy”. The stock has “Buy” rating given by Liberum Capital on Friday, November 6. The company was maintained on Tuesday, November 17 by Liberum Capital. The rating was maintained by Nomura on Monday, July 27 with “Buy”. The stock of Pets at Home Group PLC (LON:PETS) earned “Buy” rating by HSBC on Friday, August 5. Liberum Capital maintained Pets at Home Group PLC (LON:PETS) rating on Wednesday, September 28. Liberum Capital has “Sell” rating and GBX 200 price target.

About 276,195 shares traded hands. Pets at Home Group PLC (LON:PETS) has declined 8.13% since April 29, 2016 and is downtrending. It has underperformed by 14.14% the S&P500.

Analysts await Petmed Express Inc (NASDAQ:PETS) to report earnings on January, 23. They expect $0.24 earnings per share, 0.00% or $0.00 from last year’s $0.24 per share. PETS’s profit will be $4.98M for 23.25 P/E if the $0.24 EPS becomes a reality. After $0.24 actual earnings per share reported by Petmed Express Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.15, from 0.88 in 2016Q1. The ratio increased, as 17 funds sold all Pets at Home Group PLC shares owned while 51 reduced positions. 19 funds bought stakes while 41 increased positions. They now own 14.80 million shares or 6.13% less from 15.76 million shares in 2016Q1.

The Japan-based Shinko Asset Management Limited has invested 0.02% in Pets at Home Group PLC (LON:PETS). Loring Wolcott & Coolidge Fiduciary Limited Liability Partnership Ma accumulated 0% or 975 shares. Creative Planning, a Kansas-based fund reported 2,913 shares. Dekabank Deutsche Girozentrale has 0% invested in the company for 2,353 shares. Loomis Sayles & Lp owns 165 shares or 0% of their US portfolio. Next Financial Group Incorporated accumulated 5,354 shares or 0.03% of the stock. Citigroup Inc last reported 0% of its portfolio in the stock. Vanguard Incorporated accumulated 0% or 1.05 million shares. Geode Capital Limited Liability Corp holds 0% of its portfolio in Pets at Home Group PLC (LON:PETS) for 153,090 shares. Sg Americas Secs Limited Liability Corporation reported 121,876 shares or 0.02% of all its holdings. Blackrock Fund Advsrs owns 1.33 million shares or 0.01% of their US portfolio. Morgan Stanley has 0% invested in the company for 388,877 shares. Gsa Cap Ltd Liability Partnership holds 0.09% or 90,220 shares in its portfolio. Walleye Trading Llc last reported 5,014 shares in the company. Oaktop Capital Ii Limited Partnership, a New Jersey-based fund reported 373,675 shares.

Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 10 selling transactions for $2.00 million net activity. The insider ROSENBLOOM BRUCE S sold 1,500 shares worth $31,500. AKDAG MENDERES sold 10,000 shares worth $210,000. Shares for $217,500 were sold by FORMICA FRANK J on Wednesday, November 16. SCHWEITZER ROBERT C had sold 4,500 shares worth $92,355.

Pets at Home Group Plc is a United Kingdom holding company. The company has a market cap of 1.08 billion GBP. The Firm is a retailer of pet food, pet products and pet-related services. It has a 14.13 P/E ratio. The Firm is also the operator of an animal veterinary business and pet grooming salons and the multi-channel equestrian retailer, Ride-away.

According to Zacks Investment Research, “Petmed Express is America’s largest pet pharmacy, delivering prescription and non-prescription pet medications and health and nutritional supplements for dogs and cats at competitive prices direct to the consumer through its 1-800-PetMeds toll free number and on the Internet.”

PETS Company Profile

PetMed Express, Inc. (PetMed Express), doing business as 1800PetMeds, incorporated on January 3, 1997, is a pet pharmacy. The Firm markets prescription and non-prescription pet medications, and other health products for dogs and cats, direct to the consumer. The Firm offers a selection of products for dogs and cats. The Company’s product line contains approximately 3,000 stock keeping units (SKUS) of pet medications, health products and supplies.

Another recent and important Pets at Home Group PLC (LON:PETS) news was published by Bloomberg.com which published an article titled: “Brexit Delay Bad for Business, Retailer Pets at Home Says” on November 24, 2016.

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