Andrew Wade, an analyst from Jefferies, maintained the Buy rating on Pets at Home. The associated price target remains the same with p265.00.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Andrew Wade has given his Buy rating due to a combination of factors centered on Pets at Home’s leadership and operational prospects. He highlights that the newly appointed CEO, James Bailey, brings a substantial track record from leading Waitrose, where he oversaw notable gains in both sales and profitability and successfully navigated a major online relaunch. Wade also underscores Bailey’s two decades of senior experience at Sainsbury’s, particularly in commercial and buying roles, as evidence of his strong retail execution capabilities.
Wade views this appointment as exactly aligned with what Pets at Home needs at this stage, emphasizing that a seasoned operator from the food retail sector was the optimal profile to confront the company’s current retail challenges. The blend of in‑store and digital expertise that Bailey demonstrated in his previous roles is seen as especially relevant for driving improvements across Pets at Home’s retail platform. Overall, Wade believes this leadership change significantly strengthens the company’s ability to deliver operational enhancements and support long‑term value creation for shareholders, supporting his Buy recommendation.