Pets at Home is a UK market leader in pet supplies.

Pets at Home is a well-known brand in the UK. The company is the United Kingdom's largest pet supplies retailer, with more than 450 stores and 6,000 employees. The company sells products including food, toys, bedding, medication, accessories and pets. Their biggest sector is the pet accessory market of which they own 42% market share. Pets at Home is also part of the FTSE 250 index.

The financials of Pets at Home are good. Current Market capitalisation is £1.2bn with 2019 revenue at £1.058bn. Profit After Tax was £74.9m. Total cash on hand is okay at £79.1m with trade and receivables at an additional £55.9m. Total assets of the firm are £1.768bn. Total liabilities are £837.9m. This means net assets are positive £931m, up £30m YoY. The ratio from assets/liabilities is good and financially they should be okay.

From a technical standpoint Pets at Home shares are in a downtrend dating back to February 2020. Until a break of the trendline, more downside seems likely. On the flip side, if the resistance trendline is broken then the shares could head back up again. MACD has turned positive on the daily chart however the shares have turned into the negative Bollinger band. On the basis of the recent moves, the MACD could also turn negative again too.

Pets at Home has very mixed reviews. The financials of the company are good and market share is still strong, however, technicals are mixed inciting more downside before up. Fundamentally Pets at Home will be affected by the coronavirus in sales volumes, however, we won't know the true damage until they release their Q1 reports. Pets at Home may recover and do well in the long term but in the short term, the picture is very unclear.