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PetSmart (NASDAQ:PETM)‘s stock had its “sell” rating reiterated by stock analysts at Deutsche Bank in a report issued on Monday, Analyst Ratings Network reports. They currently have a $60.00 price target on the stock, down from their previous price target of $65.00. Deutsche Bank’s price objective indicates a potential downside of 7.59% from the company’s current price.

The analysts wrote, “Same shelter data provided by Pethealth Inc. (PTZ:TSX) shows that adoptions from “same shelters” through PETM stores that use ‘PetPoint’ software were down 6.0% in calendar 4Q13, vs a 1.2% increase in total shelter adoptions using PetPoint software during that time. From calendar 1Q10 to 1Q13, the PETM growth rates were either above the total or within 3% in 12 of the 13 quarters. But, for the last three calendar quarters, PETM’s y/y growth rates in this subset of adoptions have been trending 7% to 11% worse than the total.”

A number of other firms have also recently commented on PETM. Analysts at Standpoint Research initiated coverage on shares of PetSmart in a research note to investors on Wednesday, January 29th. They set a “buy” rating and a $76.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of PetSmart from a “buy” rating to a “hold” rating in a research note to investors on Monday, January 27th. Finally, analysts at Credit Suisse downgraded shares of PetSmart from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. PetSmart has an average rating of “Hold” and a consensus price target of $72.60.

Shares of PetSmart (NASDAQ:PETM) traded down 0.71% on Monday, hitting $64.47. The stock had a trading volume of 279,898 shares. PetSmart has a 1-year low of $61.30 and a 1-year high of $77.32. The stock has a 50-day moving average of $67.19 and a 200-day moving average of $71.6. The company has a market cap of $6.687 billion and a price-to-earnings ratio of 16.26.

PetSmart (NASDAQ:PETM) last announced its earnings results on Friday, November 22nd. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.86 by $0.02. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that PetSmart will post $3.97 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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