Pet Valu (TSE:PET) Shares Down 0.7% – What’s Next?

Pet Valu Holdings Ltd. (TSE:PET) traded down 0.7% during mid-day trading on Friday . The stock traded as low as C$27.81 and last traded at C$27.92. 105,068 shares changed hands 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.

Analyst Upgrades and Downgrades

PET has been the topic of a number of recent analyst reports. Desjardins set a C$38.00 price target on shares of Pet Valu and gave the company a “buy” rating in a research report on Friday, December 19th. CIBC decreased their price objective on shares of Pet Valu from C$42.00 to C$36.00 in a research note on Wednesday, November 5th. Barclays dropped their target price on shares of Pet Valu from C$41.00 to C$34.00 in a research report on Wednesday, November 5th. TD Securities reduced their target price on Pet Valu from C$44.00 to C$40.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, Royal Bank Of Canada decreased their price target on Pet Valu from C$43.00 to C$40.00 in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$38.56.

Pet Valu Stock Down 0.7%

The firm has a market capitalization of C$1.93 billion, a PE ratio of 20.38 and a beta of 0.86. The stock has a 50-day simple moving average of C$28.52 and a 200-day simple moving average of C$33.26.

Pet Valu (TSE:PET) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.40 EPS for the quarter. The firm 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%. Equities analysts forecast that Pet Valu Holdings Ltd. will post 1.6820546 earnings per share for the current fiscal year.

Pet Valu Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders 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 yield of 1.7%. The ex-dividend date was Friday, November 28th. Pet Valu’s dividend payout ratio (DPR) is currently 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.