Pet Valu (TSE:PET) Shares Up 1.5% – Should You Buy?

Pet Valu Holdings Ltd. (TSE:PET) was up 1.5% during trading on Monday . The company traded as high as C$27.75 and last traded at C$27.70. Approximately 71,172 shares changed hands during trading, a decline of 56% from the average daily volume of 160,298 shares. The stock had previously closed at C$27.30.

Analyst Ratings Changes

A number of brokerages have issued reports on PET. Barclays decreased their price target on Pet Valu from C$41.00 to C$34.00 in a research note on Wednesday, November 5th. CIBC dropped their price target on shares of Pet Valu from C$42.00 to C$36.00 in a research report on Wednesday, November 5th. Royal Bank Of Canada reduced their price objective on shares of Pet Valu from C$43.00 to C$40.00 in a research report on Wednesday, November 5th. Desjardins set a C$38.00 target price on shares of Pet Valu and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, Stifel Nicolaus reduced their target price on shares of Pet Valu from C$40.00 to C$37.00 in a report on Wednesday, November 5th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$38.56.

Pet Valu Price Performance

The firm’s fifty day simple moving average is C$28.42 and its 200 day simple moving average is C$32.72. The company has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 20.22 and a beta of 0.86.

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

Pet Valu Announces Dividend

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