Pet Valu FY2027 EPS Raised by National Bank Financial

Pet Valu Holdings Ltd. (TSE:PET) – Stock analysts at National Bank Financial upped their FY2027 earnings per share estimates for shares of Pet Valu in a research report issued to clients and investors on Wednesday, June 4th. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $2.03 per share for the year, up from their prior estimate of $2.01. The consensus estimate for Pet Valu’s current full-year earnings is $1.68 per share.

Several other research firms have also issued reports on PET. Royal Bank of Canada raised their price objective on Pet Valu from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. ATB Capital raised their price target on Pet Valu from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Desjardins upgraded shares of Pet Valu to a “moderate buy” rating in a research report on Friday, May 16th. TD Securities lifted their price target on shares of Pet Valu from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Finally, Raymond James raised their price objective on shares of Pet Valu from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Seven investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$34.33.

Pet Valu Trading Down 1.3%

PET opened at C$31.10 on Friday. The stock has a 50-day moving average of C$27.94 and a 200 day moving average of C$26.38. Pet Valu has a 12 month low of C$22.53 and a 12 month high of C$31.99. The firm has a market cap of C$2.21 billion, a P/E ratio of 25.64 and a beta of 0.81.

Pet Valu Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be given a dividend of $0.12 per share. This is an increase from Pet Valu’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.54%. Pet Valu’s dividend payout ratio is presently 36.27%.

About Pet Valu

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.