Insider Selling: Donald Beaver Sells 45,701 Shares of PetSmart Stock (PETM)
PetSmart (NASDAQ:PETM) SVP Donald Beaver sold 45,701 shares of PetSmart stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $72.85, for a total transaction of $3,329,317.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on PETM shares. Analysts at UBS AG raised their price target on shares of PetSmart (NASDAQ:PETM) from $79.00 to $82.00 in a research note to investors on Friday, August 16th. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of PetSmart (NASDAQ:PETM) from $81.00 to $82.00 in a research note to investors on Monday, August 12th. They now have an “overweight” rating on the stock.
One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $74.33.
Shares of PetSmart (NASDAQ:PETM) traded down 1.00% during mid-day trading on Thursday, hitting $72.32. The stock had a trading volume of 527,263 shares. PetSmart has a 52-week low of $61.30 and a 52-week high of $75.15. The stock’s 50-day moving average is $72.38 and its 200-day moving average is $68.25. The company has a market cap of $7.515 billion and a price-to-earnings ratio of 18.94.
PetSmart (NASDAQ:PETM) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.83. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts predict that PetSmart will post $3.98 earnings per share for the current fiscal year.
PetSmart, Inc supplies products, services and solutions for the lifetime needs of pets. The Company operates a website for pet supplies, foods and different animal needs.
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