PetMed Express, Inc. (PETS) to Issue Dividend Increase – $0.25 Per Share

PetMed Express, Inc. (NASDAQ:PETS) declared a quarterly dividend on Monday, January 22nd, RTT News reports. Shareholders of record on Monday, February 5th will be paid a dividend of 0.25 per share on Friday, February 16th. This represents a $1.00 annualized dividend and a yield of 1.88%. This is an increase from PetMed Express’s previous quarterly dividend of $0.20.

PetMed Express (NASDAQ:PETS) opened at $53.24 on Monday. The stock has a market cap of $1,096.97, a PE ratio of 35.73, a price-to-earnings-growth ratio of 3.24 and a beta of 1.12. PetMed Express has a twelve month low of $19.21 and a twelve month high of $53.90.

PetMed Express (NASDAQ:PETS) last issued its earnings results on Monday, January 22nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.13. PetMed Express had a net margin of 11.58% and a return on equity of 31.46%. The business had revenue of $60.10 million during the quarter, compared to analysts’ expectations of $56.76 million. During the same period in the previous year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. analysts predict that PetMed Express will post 1.64 EPS for the current fiscal year.

In related news, Director Gian Fulgoni sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $44.38, for a total transaction of $887,600.00. Following the completion of the sale, the director now directly owns 55,900 shares in the company, valued at $2,480,842. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald J. Korn sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 73,833 shares of the company’s stock, valued at $2,626,239.81. The disclosure for this sale can be found here. Insiders have sold 51,000 shares of company stock valued at $2,453,170 over the last three months. 4.00% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on PETS. Credit Suisse Group reissued an “underperform” rating and set a $19.00 price objective on shares of PetMed Express in a report on Monday, October 2nd. ValuEngine cut shares of PetMed Express from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research cut shares of PetMed Express from a “strong-buy” rating to a “hold” rating in a report on Monday, September 25th. BidaskClub cut shares of PetMed Express from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Northcoast Research set a $58.00 price objective on shares of PetMed Express and gave the company a “buy” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. PetMed Express has an average rating of “Hold” and a consensus price target of $42.80.

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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.

Dividend History for PetMed Express (NASDAQ:PETS)

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