PetSmart Downgraded to Neutral at Wedbush (PETM)
A number of other firms have also recently commented on PETM. Analysts at Credit Suisse initiated coverage on shares of PetSmart in a research note on Friday, June 13th. They set a “neutral” rating on the stock. Separately, analysts at Zacks downgraded shares of PetSmart from a “neutral” rating to an “underperform” rating in a research note on Monday, June 9th. They now have a $57.00 price target on the stock. Finally, analysts at Oppenheimer reiterated a “market perform” rating on shares of PetSmart in a research note on Monday, June 9th. They now have a $54.00 price target on the stock, down previously from $58.00. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $61.27.
PetSmart (NASDAQ:PETM) traded down 1.32% on Thursday, hitting $58.27. 2,606,300 shares of the company’s stock traded hands. PetSmart has a 1-year low of $55.00 and a 1-year high of $77.32. The stock has a 50-day moving average of $61.14 and a 200-day moving average of $66.19. The company has a market cap of $5.781 billion and a price-to-earnings ratio of 14.48.
PetSmart (NASDAQ:PETM) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.03. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts expect that PetSmart will post $4.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 1st will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.34%.
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.