Pet Valu (TSE:PET) Stock Price Down 0.7% – Should You Sell?

Pet Valu Holdings Ltd. (TSE:PET) shares fell 0.7% during trading on Friday . The stock traded as low as C$27.81 and last traded at C$27.92. 105,068 shares were traded during mid-day trading, a decline of 25% from the average session volume of 140,972 shares. The stock had previously closed at C$28.12.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada lowered their target price on shares of Pet Valu from C$43.00 to C$40.00 in a report on Wednesday, November 5th. CIBC cut their price target on Pet Valu from C$42.00 to C$36.00 in a report on Wednesday, November 5th. TD Securities reduced their price target on Pet Valu from C$44.00 to C$40.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Stifel Nicolaus dropped their price objective on Pet Valu from C$40.00 to C$37.00 in a report on Wednesday, November 5th. Finally, Desjardins set a C$38.00 target price on Pet Valu and gave the stock a “buy” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat.com, Pet Valu presently has a consensus rating of “Buy” and a consensus target price of C$38.56.

Pet Valu Stock Performance

The stock has a market capitalization of C$1.93 billion, a PE ratio of 20.38 and a beta of 0.86. The business’s 50-day moving average price is C$28.52 and its 200 day moving average price is C$33.26.

Pet Valu (TSE:PET) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$0.40 earnings per share (EPS) for the quarter. The company had revenue of C$289.46 million for the quarter. Pet Valu had a return on equity of 100.39% and a net margin of 8.02%. As a group, equities research analysts predict that Pet Valu Holdings Ltd. will post 1.6820546 earnings per share for the current year.

Pet Valu Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, November 28th. Pet Valu’s dividend payout ratio (DPR) is 34.31%.

Pet Valu Company Profile

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.