Leslie C.G. Campbell, a director at PetMed Express Inc. (NASDAQ:PETS), has recently increased his stake in the company, according to a recent filing with the Securities and Exchange Commission. Campbell purchased a total of 60,000 shares of common stock over a series of transactions conducted on December 4 and 5, 2024. The timing appears strategic, as InvestingPro data shows the stock has gained over 24% in the past week and 32% over the last six months. The purchases were made at prices ranging from $5.359 to $5.46 per share, amounting to a total investment of $324,635.
The transactions included both direct purchases and acquisitions through the Leslie C.G. Campbell 2020 Irrevocable Trust. Following these transactions, Campbell's direct ownership increased to 85,000 shares. Additionally, the trust holds 30,000 shares, a position for which Campbell disclaims beneficial ownership.
These moves come as part of Campbell's ongoing investment in PetMed Express, a company known for its retail drug and proprietary store operations. The transactions were executed in the open market through a broker-dealer. For deeper insights into PETS's valuation and 12 additional ProTips, investors can access the comprehensive research report available on InvestingPro.
In other recent news, PetMed Express has been actively taking steps to protect shareholder interests and drive growth. The company's Board of Directors has implemented a limited duration shareholder rights plan to deter control moves, aiming to safeguard the long-term value of investments. This plan comes into effect immediately and is set to expire on December 2, 2025.
PetMed Express has also recently reported its Q2 2025 earnings, disclosing a 16% drop in sales to $60 million but a rise in net income to $2.3 million. Despite the dip in sales, the company managed to increase its gross profit margin to 29.1%. However, it is expected that Q3 will see lower margins due to increased promotional activities.
The pet healthcare retailer gained approximately 77,000 new customers in the quarter, credited to operational improvements enhancing the customer service experience. As part of its strategic focus, PetMed Express plans to launch a new content site and increase marketing efforts in the upcoming holiday season. These recent developments highlight the company's commitment to navigating the current market landscape and securing its position as a leader in consumer pet healthcare.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.