PetSmart, Inc. Announces Quarterly Dividend of $0.20 (PETM)
PetSmart (NASDAQ:PETM) announced a quarterly dividend on Thursday, June 19th, Analyst Ratings Network reports. Investors of record on Friday, August 1st will be paid a dividend of 0.195 per share on Friday, August 15th. This represents a $0.78 annualized dividend and a dividend yield of 1.34%.
A number of analysts have recently weighed in on PETM shares. 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. On a related note, 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 equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. PetSmart presently has a consensus rating of “Hold” and an average price target of $61.27.
Shares of PetSmart (NASDAQ:PETM) traded down 1.32% during mid-day trading on Thursday, hitting $58.27. 2,606,300 shares of the company’s stock traded hands. PetSmart has a one year low of $55.00 and a one 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 P/E ratio of 14.48.
PetSmart (NASDAQ:PETM) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $1.04 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.98 earnings per share. PetSmart’s revenue was up 1.1% compared to the same quarter last year. Analysts expect that PetSmart will post $4.32 EPS 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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