Petsmart (NASDAQ: PETM)‘s stock had its “buy” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Tuesday, AnalystRatingsNetwork.com reports.
The analysts wrote, “PetSmart (PETM) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.”
Petsmart (NASDAQ: PETM) opened at 68.75 on Tuesday. Petsmart has a 52-week low of $55.06 and a 52-week high of $72.75. The stock’s 50-day moving average is currently $63.78. The company has a market cap of $7.102 billion and a price-to-earnings ratio of 18.89.
Petsmart (NASDAQ: PETM) last released its earnings data on Wednesday, May 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Petsmart has set its Q2 guidance at $0.82-0.86 EPS and its FY14 guidance at $3.82-3.94 EPS. Analysts expect that Petsmart will post $3.95 EPS for the current fiscal year.
A number of other firms have also recently commented on PETM. Analysts at UBS AG raised their price target on shares of Petsmart from $77.00 to $78.00 in a research note to investors on Friday, May 24th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Petsmart from $79.00 to $81.00 in a research note to investors on Thursday, May 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Nomura raised their price target on shares of Petsmart from $55.00 to $58.00 in a research note to investors on Thursday, May 23rd. They now have a “reduce” rating on the stock.
One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $73.77.
PetSmart, Inc. supplies products, services and solutions for the lifetime needs of pets. The Company operates a website for pet supplies, foods and different animal needs.