PetMed Express, Inc. (PETS) Receives Consensus Rating of “Hold” from Analysts
PetMed Express, Inc. (NASDAQ:PETS) has been given a consensus recommendation of “Hold” by the eight analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $42.00.
A number of analysts have recently weighed in on PETS shares. Craig Hallum restated a “hold” rating and issued a $40.00 price objective (down from $43.00) on shares of PetMed Express in a research note on Monday, August 21st. They noted that the move was a valuation call. BidaskClub cut shares of PetMed Express from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Sidoti upgraded shares of PetMed Express from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Thursday, August 24th. ValuEngine upgraded shares of PetMed Express from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research cut shares of PetMed Express from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 25th.
Shares of PetMed Express (PETS) opened at $39.34 on Friday. PetMed Express has a one year low of $19.21 and a one year high of $50.90. The firm has a market cap of $810.57, a price-to-earnings ratio of 26.46, a PEG ratio of 2.37 and a beta of 1.09.
The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, November 6th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Friday, November 3rd. PetMed Express’s dividend payout ratio (DPR) is currently 53.69%.
In related news, Director Ronald J. Korn sold 1,000 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $35.57, for a total transaction of $35,570.00. Following the transaction, the director now owns 73,833 shares of the company’s stock, valued at $2,626,239.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Pinebridge Investments L.P. increased its position in PetMed Express by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 2,704 shares of the company’s stock worth $110,000 after acquiring an additional 27 shares during the period. Acrospire Investment Management LLC bought a new stake in PetMed Express in the 2nd quarter valued at $110,000. Sei Investments Co. increased its holdings in PetMed Express by 50,142.9% in the 3rd quarter. Sei Investments Co. now owns 3,517 shares of the company’s stock valued at $117,000 after buying an additional 3,510 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in PetMed Express in the 3rd quarter valued at $149,000. Finally, Fred Alger Management Inc. bought a new stake in PetMed Express in the 2nd quarter valued at $162,000. 99.75% of the stock is currently owned by institutional investors and hedge funds.
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About PetMed Express
PetMed Express, Inc (PetMed Express), doing business as 1800PetMeds, is a pet pharmacy. The Company markets prescription and non-prescription pet medications, and other health products for dogs and cats, direct to the consumer. It offers a selection of products for dogs and cats. Its product line contains approximately 3,000 stock keeping units (SKUS) of pet medications, health products and supplies.
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