Equities analysts expect Central Garden & Pet (NASDAQ:CENTA – Get Rating) to report sales of $1.07 billion for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Central Garden & Pet’s earnings, with the highest sales estimate coming in at $1.08 billion and the lowest estimate coming in at $1.05 billion. Central Garden & Pet reported sales of $1.04 billion in the same quarter last year, which would indicate a positive year over year growth rate of 2.9%. The company is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that Central Garden & Pet will report full year sales of $3.46 billion for the current fiscal year, with estimates ranging from $3.45 billion to $3.47 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.57 billion, with estimates ranging from $3.55 billion to $3.61 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Central Garden & Pet.
CENTA has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on Central Garden & Pet from $47.00 to $49.00 in a research report on Thursday, April 14th. StockNews.com initiated coverage on Central Garden & Pet in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research upgraded Central Garden & Pet from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Monday, May 9th.
NASDAQ CENTA opened at $41.62 on Thursday. The business has a 50 day moving average price of $41.77 and a 200 day moving average price of $44.03. The company has a market capitalization of $2.29 billion, a P/E ratio of 15.66 and a beta of 0.56. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.85 and a quick ratio of 1.29. Central Garden & Pet has a 1-year low of $39.30 and a 1-year high of $53.47.
In other news, CFO Nicholas Lahanas sold 7,306 shares of the stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $41.78, for a total transaction of $305,244.68. Following the sale, the chief financial officer now directly owns 113,520 shares of the company’s stock, valued at $4,742,865.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 20.28% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Mirabella Financial Services LLP purchased a new stake in shares of Central Garden & Pet in the first quarter valued at about $540,000. Guggenheim Capital LLC raised its stake in Central Garden & Pet by 0.7% in the first quarter. Guggenheim Capital LLC now owns 175,024 shares of the company’s stock valued at $7,138,000 after purchasing an additional 1,252 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Central Garden & Pet by 19.0% during the first quarter. Captrust Financial Advisors now owns 4,545 shares of the company’s stock worth $185,000 after acquiring an additional 725 shares in the last quarter. State Street Corp grew its holdings in shares of Central Garden & Pet by 1.7% in the first quarter. State Street Corp now owns 1,490,024 shares of the company’s stock worth $60,763,000 after purchasing an additional 24,842 shares during the last quarter. Finally, Clark Capital Management Group Inc. boosted its holdings in Central Garden & Pet by 25.8% in the first quarter. Clark Capital Management Group Inc. now owns 66,536 shares of the company’s stock valued at $2,713,000 after acquiring an additional 13,647 shares in the last quarter. 68.74% of the stock is currently owned by institutional investors.
Central Garden & Pet Company Profile (Get Rating)
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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