PetMed Express, Inc. (PETS) CEO Sells $1,530,000.00 in Stock
PetMed Express, Inc. (NASDAQ:PETS) CEO Menderes Akdag sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $51.00, for a total transaction of $1,530,000.00. Following the transaction, the chief executive officer now directly owns 490,000 shares in the company, valued at $24,990,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
PetMed Express, Inc. (NASDAQ PETS) opened at $52.94 on Tuesday. PetMed Express, Inc. has a one year low of $19.21 and a one year high of $53.32. The stock has a market cap of $1,090.79, a P/E ratio of 35.53, a PEG ratio of 3.14 and a beta of 1.12.
PetMed Express (NASDAQ:PETS) last released its quarterly earnings data on Monday, October 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.13. PetMed Express had a net margin of 11.58% and a return on equity of 31.46%. The firm had revenue of $66.70 million for the quarter, compared to the consensus estimate of $63.41 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. equities analysts expect that PetMed Express, Inc. will post 1.68 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in PETS. Acrospire Investment Management LLC acquired a new stake in PetMed Express in the second quarter valued at approximately $110,000. Pinebridge Investments L.P. boosted its stake in PetMed Express by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,704 shares of the company’s stock valued at $110,000 after acquiring an additional 27 shares in the last quarter. Sei Investments Co. boosted its stake in PetMed Express by 50,142.9% in the third quarter. Sei Investments Co. now owns 3,517 shares of the company’s stock valued at $117,000 after acquiring an additional 3,510 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in PetMed Express in the third quarter valued at approximately $149,000. Finally, Fred Alger Management Inc. acquired a new stake in PetMed Express in the second quarter valued at approximately $162,000. Institutional investors own 99.88% of the company’s stock.
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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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