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

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

Analyst Ratings Changes

Several research firms have recently commented on PET. Barclays lowered their target price on Pet Valu from C$41.00 to C$34.00 in a report on Wednesday, November 5th. Royal Bank Of Canada cut their target price on Pet Valu from C$43.00 to C$40.00 in a research note on Wednesday, November 5th. CIBC lowered their price target on shares of Pet Valu from C$42.00 to C$36.00 in a research report on Wednesday, November 5th. Stifel Nicolaus cut their price objective on shares of Pet Valu from C$40.00 to C$37.00 in a research report on Wednesday, November 5th. Finally, Desjardins set a C$38.00 target price on shares of Pet Valu and gave the stock a “buy” rating in a research report 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$38.56.

Pet Valu Trading Down 0.7%

The stock has a market cap of C$1.93 billion, a P/E ratio of 20.38 and a beta of 0.86. The stock’s 50-day moving average is C$28.52 and its 200-day moving average is C$33.26.

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

Pet Valu Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid 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 of this dividend was Friday, November 28th. Pet Valu’s dividend payout ratio (DPR) is presently 34.31%.

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.