LSV Asset Management Purchases New Position in Central Garden & Pet, Inc. (NASDAQ:CENTA)

LSV Asset Management Makes Significant Investment in Central Garden & Pet

In a recent disclosure with the Securities and Exchange Commission, LSV Asset Management revealed its new position in Central Garden & Pet, a leading company in the lawn and garden, and pet supplies markets. The institutional investor purchased 122,810 shares of the company’s stock, valued at approximately $5,409,000. This move signifies LSV Asset Management’s confidence in Central Garden & Pet’s potential for growth.

Other hedge funds and institutional investors have also shown interest in Central Garden & Pet. Raymond James & Associates, New York State Teachers Retirement System, Zurcher Kantonalbank Zurich Cantonalbank, Assenagon Asset Management S.A., and Illinois Municipal Retirement Fund have all bought and sold shares of CENTA, further highlighting the company’s appeal to investors.

Wall Street analysts have weighed in on Central Garden & Pet, with StockNews.com upgrading the company from a “hold” rating to a “buy” rating. Monness Crespi & Hardt, Truist Financial, and JPMorgan Chase & Co. have also provided positive outlooks on the company, with price targets and buy ratings.

Central Garden & Pet’s price performance has been strong, with the stock trading up to $40.23. The company’s recent quarterly earnings results exceeded expectations, with a net margin of 4.49% and a return on equity of 11.30%. Analysts forecast that Central Garden & Pet will continue to perform well in the current fiscal year.

Insider buying and selling activity at Central Garden & Pet has also been notable, with CFO Nicholas Lahanas and Director John Ranelli making significant transactions. Overall, insiders have sold a total of 25,822 shares of company stock valued at $965,026 over the last quarter.

Central Garden & Pet’s profile showcases its diverse product offerings in the pet and garden segments, making it a key player in the industry. With a market capitalization of $2.70 billion and a strong financial performance, Central Garden & Pet continues to attract investor interest.

Overall, Central Garden & Pet’s recent developments, positive analyst outlook, strong price performance, and insider activity make it a compelling investment opportunity for those looking to capitalize on the company’s growth potential. Investors are advised to keep an eye on Central Garden & Pet as it continues to make strides in the market.