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Share Name Share Symbol Market Type Share ISIN Share Description
Pets At Home Group Plc LSE:PETS London Ordinary Share GB00BJ62K685 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 391.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
389.60 390.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 1,058.80 85.90 13.50 29.0 1,955
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 391.00 GBX

Pets At Home (PETS) Latest News

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Pets At Home Investors    Pets At Home Takeover Rumours
Smart Money!
PETS is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 BLACKROCK THROGMORTON TRUST PLC 2.40% 2020-09-30
 JPMORGAN MID CAP INVESTMENT TRUST PLC 4.40% 2020-09-30
 BLACKROCK SMALLER COMPANIES TRUST PLC 2.10% 2020-09-30
 JPMORGAN SMALLER COMPANIES INVESTMENT TRUST PLC 4.00% 2020-09-30
 JUPITER UK GROWTH INVESTMENT TRUST PLC 5.50% 2020-09-30

Pets At Home (PETS) Discussions and Chat

Pets At Home Forums and Chat

Date Time Title Posts
18/10/202015:19Pets at Home -woof woof or purring?2,102

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Pets At Home (PETS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-10-22 11:46:30393.80252992.38O
2020-10-22 11:46:19393.404581,801.77AT
2020-10-22 11:46:19393.40180708.12AT
2020-10-22 11:44:59392.611,3225,190.34O
2020-10-22 11:44:50392.60240942.24AT
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Pets At Home (PETS) Top Chat Posts

DateSubject
22/10/2020
09:20
Pets At Home Daily Update: Pets At Home Group Plc is listed in the General Retailers sector of the London Stock Exchange with ticker PETS. The last closing price for Pets At Home was 391p.
Pets At Home Group Plc has a 4 week average price of 367.40p and a 12 week average price of 258p.
The 1 year high share price is 425p while the 1 year low share price is currently 174.90p.
There are currently 500,000,000 shares in issue and the average daily traded volume is 1,187,397 shares. The market capitalisation of Pets At Home Group Plc is £1,955,000,000.
24/9/2020
12:29
lasata: We all love our pets! “It would appear that pets, especially dogs, have been an important comfort and component of the U.K.’s mental and physical health during the pandemic,” Shore Capital analysts including Greg Lawless wrote in a note, upgrading the stock to buy from hold. “The shares have further to rise.”
24/9/2020
11:12
lasata: Pets at Home Group PLC (LON:PETS) said its full-year underlying pre-tax profit is estimated to be ahead of the current market expectation for £73mln. The pet care business, which could only sell a limited amount of products during the coronavirus (COVID-19) pandemic lockdown, said the momentum seen after all its operations restarted in the summer has continued through the past months In the eight weeks to September 10, 2020, the company said it delivered “double-digit like-for-like growth in customer sales”. Shore Capital moved the stock to 'buy' from 'hold' arguing with the earnings momentum and the self help levers available to the company that the shares have further to rise. Analysts at Peel Hunt raised the target price to 350p from 300p and upgraded full-year profit expectations to £85mln from £77mln
24/9/2020
10:31
lasata: PETS will be busy...everyone at home looking after their pets
31/7/2020
10:42
cousin jack: A reasonably reassuring update but given the risks going forward surely an overreaction in the share price ? Maybe turning into a shorting opportunity.
29/6/2020
12:39
crystball: I have topped up to increase my PETS holding. The groom rooms have been reopened for several weeks now and there is a queue for groom room appointments which mean a wait of two weeks near where I live. Also at VETS 4 PETS it is not just emergency treatment appointments that are being carried out. Anecdotal evidence suggests a significant increase in people buying puppies and kittens and everything that goes along with that. So for a number of reasons, I decided to increase my holding of PETS. I think that PETS is one of the few retail companies that will be more recession and Brexit proof than many others, so feel this is a defensive, good, long term proposition.
12/5/2020
12:31
pstick: Seems like it is being targeted by a short seller. Although for some reason, I can't find the full report on their website. It would be interesting to see the full analysis. They may be onto something, lots of hedge funds have shorted this stock in the recent years. Bonitas is Short Pets At Home (London: PETS) UK Companies House filings revealed that Pets At Home Group Plc (London: PETS) lied about GBP 34 million of undisclosed trading loans hidden from its balance sheet used to support circular payments from PETS Vet Group Joint Ventures (“PETS JVs”) which we believe artificially inflated PETS reported profits. Including undisclosed trading balances, PETS’ actual funding, trading and operating (“FTO”) loan balances owed by PETS JVs were GBP 74 million and GBP 64 million as of FYE’18 and FYE’19, 87% and 51% greater than what PETS reported in its FY’19 Annual Report. Without these loans, PETS JVs would not have been able to pay PETS service fees and rents. The circular payment scheme had a significant impact on PETS’ purported profitability. PETS recognized 50%+ operating margins on PETS JV service fees versus 8% for its retail segment. While accounting for only 6% of PETS revenues, PETS JV service fees accounted for 31% of PETS’ operating profits. We reviewed over 1,800 annual reports for 432 individual PETS JVs between FY’15 and FY’19 available for free online via UK Companies House filings. Most PETS JVs were loss-making and drowning in liabilities. In FY’18, while PETS generated GBP 27 million operating profits from PETS JV service fees, PETS JVs generated aggregate losses of GBP 14 million. PETS JVs revealed aggregate liabilities of GBP 170 million as of FYE’19. Recently PETS actively restructured some PETS JVs via step-up acquisitions and in each instance PETS assumed all PETS JV liabilities. PETS’ restructuring efforts have already cost GBP 40+ million in write-offs and expenses from 55 PETS JV step-up acquisitions as of FYE’19. As PETS JVs sink deeper into debt, we anticipate that PETS will be forced to bail out and write off additional PETS JVs. Below are additional highlights from our review of operating PETS JV annual reports: • 253 (61%) generated aggregate losses of GBP 27 million in FY’18. • 108 (26%) had adminstrative expenses that exceeded revenues in FY’18. • 283 (69%) were balance sheet insolvent with aggregate net liabilities of GBP 100 million as of FYE’19. • 60 (15%) had net liabilities that exceeded GBP 500,000 as of FYE’19 (not including 19 additional PETS JVs that were bought back and written off by PETS in FY’19). PETS charged PETS JVs service fees and rents only afforded with concurrent financial support. If PETS cannot continue to provide such a significant level of financial support to PETS JVs, the scheme collapses. PETS’ FYE’19 balance sheet held GBP 395 million goodwill largely attributable to the future cash flow generating ability of PETS JVs and reported a contingent liability of GBP 11 million, only 17% of what PETS JVs owed third party banks. To us, the evidence is clear that PETS lied to investors about the level of financial support given to PETS JVs which artificially inflated PETS’ reported profitability and understated its liabilities. We believe a restatement of PETS’ financial performance would include adjustments to goodwill, increased recognized exposure to PETS JV bank debt and further write-offs of direct loans to PETS JVs. As investors consider PETS’ hidden liabilities, its low earnings quality from circular payments and inflated carrying balances for certain assets, we think PETS’ stock price could break previous lows with a downside of 75%+.
02/4/2020
07:08
skinny: Trading Statement. Full-year underlying pre-tax profit slightly ahead of expectations For most of our fourth quarter the Group traded in line with market expectations1, reflecting the continuous execution of our proven pet care strategy. In the closing weeks of the financial year we have, however, experienced exceptional levels of demand, both in-store and online, as the COVID-19 crisis has developed, and have seen existing customers increase average basket size by pulling forward purchases as well as new customers access our pet products and healthcare services. Our previous investments in omnichannel capacity, new customer acquisition channels and subscription services had equipped us to meet above-trend levels of demand and, with disruption in Far East supply stabilising relatively quickly, our product availability held up well. Accordingly, we now expect underlying pre-tax profit for the full year to be slightly above the top end of the range of current market expectations1. Balance sheet and liquidity Our balance sheet is resilient and we maintain strong and supportive relationships with our banking partners. We have extensive headroom on debt capacity and covenants with a significant proportion of our committed £248m Revolving Credit Facility (RCF) remaining available for drawdown pre maturity in 2023. Total liquidity including cash balances is approximately £160m, and we expect to end FY20 with a net debt/EBITDA ratio pre IFRS16 of under 1.0x. In view of the prevailing backdrop, we remain vigilant across our funding requirements, ongoing measures for cash preservation and prudent allocation of capital. COVID-19 Update Our priorities are first and foremost to safeguard the wellbeing and safety of our colleagues, Partners, suppliers, customers and pets, as well as ensure continuity of customer service in our stores, Distribution Centres and support offices, and we have implemented a number of protocols in this respect. These include removing all but essential travel, the adoption of alternative working arrangements for colleagues, procedures to protect the health and safety of our colleagues and customers and advice and support to colleagues on maintaining good health and wellbeing. Our designation by the UK Government as an "essential retailer", together with the national distribution of our UK store estate, means that we can continue providing those pet products and health care services that are deemed essential to the nation's pet owners, at a time when pets are playing an increasingly vital role in our daily lives. In seeking to strike a balance between providing essential services to the public alongside safeguarding the health and wellbeing of our customers and colleagues, we have closed our Groom Room salons and implemented all Government advice regarding social distancing across our operations. While nearly all of our First Opinion veterinary practices, and all of our Specialist Referral centres, currently remain open to provide urgent and emergency pet health care, in line with industry guidance, we do anticipate reduced customer revenues. This, together with the likelihood of lower store revenues resulting from other necessary measures we have implemented, is expected to have a negative impact on our normal levels of Group turnover as we start the new financial year. Outlook Pets at Home is a resilient business with the capability to adapt and respond quickly to changing market conditions. We have an experienced management team who are not only determined to successfully navigate the Group through these unprecedented times, but also to create a stronger pet care business for the future, in line with our previously communicated longer-term strategy. Given the uncertain backdrop, we do not think it is appropriate to give financial guidance for FY21 and beyond at this stage. Subject to audit completion timelines, the Group currently plans to announce its final results on Thursday, 21 May 2020, although this date will be confirmed in due course. Peter Pritchard, Group Chief Executive Officer, commented: "While FY20 has undoubtedly ended strongly for Pets At Home during this unprecedented time, the period ahead is uncertain for us all, and Pets At Home will not be immune to these challenges that we collectively face. I am extremely grateful that our colleagues and operations have shown such resilience and flexibility to meet the recent exceptional level of demand from both existing and new customers. As ever, in difficult times consumers turn to trusted brands and advice, and that is why we are working tirelessly to ensure that we continue to provide essential products and healthcare services for the UK's pets. The health and safety of our colleagues, Partners, suppliers, customers and pets remains our top priority. We continue to take all appropriate action in line with Government advice and remain vigilant to the potential impact of COVID-19 as we start the new financial year. We are also providing support for the communities that need us through £1.1m of funding to nominated pet charities, a £1m crisis fund for colleagues and discounts to NHS workers as they care for the nation's health. Finally, I would like to thank all our fantastic colleagues, Partners and customers for their amazing support during this challenging period. Amidst an unprecedented backdrop, never has our role as a pet care provider been more important, and never have we been more determined to serve the nation's pet owners". 1. As at 26 March 2020, the Company compiled consensus for full year pre-IFRS16 pre-tax profit was £93.7m, ranging from £92.0m to £97.1m. The impact of IFRS16 is expected to reduce Group underlying profit before tax by c£6-7m in FY20
12/8/2019
19:30
sammyshares: Pets at Home Group PLC using EPIC/TICKER code (LON:PETS) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘SELL’ today by analysts at Goldman Sachs. Pets at Home Group PLC are listed in the Consumer Services sector within UK Main Market. Goldman Sachs have set their target price at 155 GBX on its stock. This indicates the analyst believes there is a potential downside of -29.7% from the opening price of 220.6 GBX. Over the last 30 and 90 trading days the company share price has increased 28.1 points and increased 62.7 points respectively. The 1 year high for the stock price is 229.6 GBX while the 52 week low for the stock is 101.95 GBX. Pets at Home Group PLC has a 50 day moving average of 195.11 GBX and the 200 Day Moving Average price is recorded at 153.41. There are currently 500,000,000 shares in issue with the average daily volume traded being 1,447,485. Market capitalisation for LON:PETS is £1,117,699,966 GBP.
12/7/2019
18:01
yump: There obviously is and will be a lot of uncertainty, which makes the resilience in the PETS share price quite curious. Perhaps it is just strong because its actual market is in no way related to what happens with politics, other than possibly having to stockpile some goods. I'm sticking with it until something more volatile happens upwards or downwards, as bought a lot along the bottom, when sentiment was in the 'doomed' camp !
23/10/2018
17:25
muchodinero: Blackrock have reduced by 0.02%. Not sure why they even bothered,They are just playing silly beggars with PETS share price. Just hope that they get burned very soon.
Pets At Home share price data is direct from the London Stock Exchange
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