Central Garden & Pet (NASDAQ:CENT – Get Rating)’s stock price hit a new 52-week low on Thursday . The company traded as low as $40.75 and last traded at $40.75, with a volume of 150 shares traded. The stock had previously closed at $42.14.
Separately, Truist Financial cut their target price on shares of Central Garden & Pet from $65.00 to $60.00 in a research note on Tuesday, March 22nd.
The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 15.15 and a beta of 0.54. The firm’s 50 day moving average is $44.08 and its 200 day moving average is $46.20. The company has a quick ratio of 1.29, a current ratio of 2.85 and a debt-to-equity ratio of 0.92.
Central Garden & Pet (NASDAQ:CENT – Get Rating) last released its earnings results on Wednesday, May 4th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.18 by $0.09. Central Garden & Pet had a net margin of 4.48% and a return on equity of 12.18%. The business had revenue of $954.37 million during the quarter, compared to analyst estimates of $935.14 million. On average, sell-side analysts predict that Central Garden & Pet will post 3.14 earnings per share for the current year.
In related news, CFO Nicholas Lahanas sold 7,306 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $41.78, for a total value of $305,244.68. Following the completion of the sale, the chief financial officer now owns 113,520 shares in the company, valued at approximately $4,742,865.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.80% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its stake in Central Garden & Pet by 41.4% in the 1st quarter. Captrust Financial Advisors now owns 959 shares of the company’s stock valued at $42,000 after buying an additional 281 shares during the period. Advisor Group Holdings Inc. increased its stake in Central Garden & Pet by 43.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,176 shares of the company’s stock valued at $96,000 after buying an additional 660 shares during the period. KBC Group NV increased its stake in Central Garden & Pet by 26.6% in the 1st quarter. KBC Group NV now owns 2,296 shares of the company’s stock valued at $101,000 after buying an additional 483 shares during the period. State of Tennessee Treasury Department increased its stake in Central Garden & Pet by 17.9% in the 1st quarter. State of Tennessee Treasury Department now owns 3,708 shares of the company’s stock valued at $163,000 after buying an additional 562 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Central Garden & Pet by 23.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the company’s stock valued at $191,000 after buying an additional 770 shares during the period. Hedge funds and other institutional investors own 18.59% of the company’s stock.
Central Garden & Pet Company Profile (NASDAQ:CENT)
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 grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.
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