Categories: PETS

Central Garden & Pet (NASDAQ:CENTA) Shares to Split on Friday, February 9th

Shares of Central Garden & Pet (NASDAQ:CENTA – Free Report) are scheduled to split before the market opens on Friday, February 9th. The 5-4 split was announced on Friday, February 9th. The newly issued shares will be issued to shareholders after the closing bell on Friday, February 9th.

Central Garden & Pet Price Performance

NASDAQ CENTA opened at $42.40 on Friday. Central Garden & Pet has a 12 month low of $33.77 and a 12 month high of $45.93. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 18.04 and a beta of 0.68. The company’s 50 day moving average is $35.60 and its two-hundred day moving average is $33.32. The company has a current ratio of 3.73, a quick ratio of 1.90 and a debt-to-equity ratio of 0.82.

Central Garden & Pet (NASDAQ:CENTA – Get Free Report) last released its earnings results on Monday, November 20th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Central Garden & Pet had a net margin of 3.80% and a return on equity of 9.93%. The company had revenue of $750.15 million for the quarter, compared to analysts’ expectations of $731.81 million. During the same quarter last year, the business earned ($0.03) EPS. As a group, research analysts anticipate that Central Garden & Pet will post 2.53 earnings per share for the current year.

Central Garden & Pet Announces Dividend

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The company also recently announced a — dividend, which will be paid on Thursday, February 8th. Shareholders of record on Monday, January 8th will be paid a dividend of $25.00 per share. The ex-dividend date of this dividend is Friday, February 9th.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. StockNews.com cut shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. TheStreet cut shares of Central Garden & Pet from a “b” rating to a “c+” rating in a research report on Tuesday, November 21st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.47.

View Our Latest Report on CENTA

Insider Activity

In other news, insider John Edward Hanson sold 7,500 shares of Central Garden & Pet stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $31.38, for a total transaction of $235,380.00. Following the sale, the insider now owns 43,135 shares in the company, valued at $1,353,748.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider John Edward Hanson sold 7,500 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $31.38, for a total transaction of $235,380.00. Following the sale, the insider now owns 43,135 shares of the company’s stock, valued at $1,353,748.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John Ranelli sold 3,500 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $28.98, for a total transaction of $101,416.00. Following the sale, the director now directly owns 182 shares in the company, valued at approximately $5,273.63. The disclosure for this sale can be found here. Company insiders own 20.28% of the company’s stock.

Institutional Investors Weigh In On Central Garden & Pet

Hedge funds have recently bought and sold shares of the business. Rhumbline Advisers raised its stake in Central Garden & Pet by 0.5% during the second quarter. Rhumbline Advisers now owns 130,476 shares of the company’s stock valued at $4,757,000 after purchasing an additional 703 shares in the last quarter. Citigroup Inc. increased its position in Central Garden & Pet by 43.9% during the second quarter. Citigroup Inc. now owns 34,861 shares of the company’s stock valued at $1,271,000 after acquiring an additional 10,627 shares during the last quarter. Bank of Montreal Can bought a new position in Central Garden & Pet during the second quarter valued at $187,000. Swiss National Bank increased its position in Central Garden & Pet by 0.7% during the second quarter. Swiss National Bank now owns 89,600 shares of the company’s stock valued at $3,267,000 after acquiring an additional 600 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Central Garden & Pet by 7.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,253 shares of the company’s stock valued at $884,000 after acquiring an additional 1,665 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

About Central Garden & Pet

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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.