2 weeks Ago By ABMN Staff
Public Employees Retirement Association of Colorado trimmed its stake in shares of Central Garden & Pet ( NASDAQ:CENT – Free Report ) by 11.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,966 shares of the company’s stock after selling 776 shares during the quarter.
Public Employees Retirement Association of Colorado’s holdings in Central Garden & Pet were worth $230,000 as of its most recent SEC filing. Other institutional investors have also added to or reduced their stakes in the company. Orchard Capital Management LLC increased its position in shares of Central Garden & Pet by 5.
6% during the fourth quarter. Orchard Capital Management LLC now owns 169,107 shares of the company’s stock valued at $8,474,000 after buying an additional 8,914 shares during the period. Principal Financial Group Inc.
lifted its stake in Central Garden & Pet by 6.8% in the 1st quarter. Principal Financial Group Inc.
now owns 53,039 shares of the company’s stock worth $2,272,000 after purchasing an additional 3,397 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Central Garden & Pet by 112.4% in the 1st quarter.
BNP Paribas Financial Markets now owns 6,169 shares of the company’s stock valued at $264,000 after purchasing an additional 3,265 shares during the period. Inspire Investing LLC grew its position in shares of Central Garden & Pet by 9.3% during the 1st quarter.
Inspire Investing LLC now owns 8,386 shares of the company’s stock valued at $359,000 after purchasing an additional 712 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Central Garden & Pet by 92.6% in the first quarter.
ProShare Advisors LLC now owns 51,117 shares of the company’s stock worth $2,189,000 after purchasing an additional 24,575 shares during the period. Hedge funds and other institutional investors own 16.13% of the company’s stock.
Analysts Set New Price Targets Several equities analysts recently commented on the company. Canaccord Genuity Group reduced their target price on Central Garden & Pet from $52.00 to $49.
00 and set a “buy” rating for the company in a research report on Monday, July 1st. Canaccord Genuity Group raised Central Garden & Pet to a “strong-buy” rating in a report on Monday, July 1st. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock.
According to MarketBeat, Central Garden & Pet has a consensus rating of “Buy” and an average target price of $52.75. Insider Transactions at Central Garden & Pet In related news, Director Brooks Pennington III sold 1,486 shares of Central Garden & Pet stock in a transaction on Tuesday, August 13th.
The shares were sold at an average price of $32.80, for a total value of $48,740.80.
Following the transaction, the director now owns 40,743 shares in the company, valued at approximately $1,336,370.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website .
In related news, Director Brooks Pennington III sold 1,486 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.80, for a total transaction of $48,740.
80. Following the completion of the sale, the director now directly owns 40,743 shares in the company, valued at approximately $1,336,370.40.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . Also, Chairman William E. Brown sold 60,000 shares of Central Garden & Pet stock in a transaction that occurred on Friday, August 30th.
The stock was sold at an average price of $33.54, for a total value of $2,012,400.00.
Following the completion of the transaction, the chairman now directly owns 1,125,773 shares in the company, valued at $37,758,426.42. The disclosure for this sale can be found here .
In the last ninety days, insiders sold 63,986 shares of company stock worth $2,146,841. 9.53% of the stock is currently owned by insiders.
Central Garden & Pet Trading Down 0.3 % NASDAQ CENT opened at $36.65 on Friday.
The company has a quick ratio of 2.16, a current ratio of 3.66 and a debt-to-equity ratio of 0.
75. The stock’s 50-day simple moving average is $38.65 and its two-hundred day simple moving average is $40.
41. Central Garden & Pet has a twelve month low of $30.75 and a twelve month high of $47.
48. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 16.
43 and a beta of 0.75. Central Garden & Pet ( NASDAQ:CENT – Get Free Report ) last announced its quarterly earnings data on Wednesday, August 7th.
The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.
11. The company had revenue of $996.35 million for the quarter, compared to analysts’ expectations of $1 billion.
Central Garden & Pet had a return on equity of 10.66% and a net margin of 4.42%.
Central Garden & Pet’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the firm posted $1.
40 EPS. Research analysts forecast that Central Garden & Pet will post 2.11 EPS for the current fiscal year.
Central Garden & Pet Profile ( Free Report ) 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.
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