Pet Valu (TSE:PET) Price Target Cut to C$30.00 by Analysts at TD Securities

Pet Valu (TSE:PET) had its price target trimmed by TD Securities from C$32.00 to C$30.00 in a report published on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently weighed in on PET. Barclays cut their price objective on Pet Valu from C$28.00 to C$27.00 in a research report on Wednesday. Raymond James cut their price target on Pet Valu from C$36.00 to C$34.00 in a report on Wednesday. Cibc World Mkts raised Pet Valu to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada upped their price target on Pet Valu from C$34.00 to C$35.00 in a report on Wednesday.

Pet Valu Stock Up 1.9 %

TSE PET opened at C$25.84 on Wednesday. Pet Valu has a twelve month low of C$23.58 and a twelve month high of C$32.90. The firm has a market cap of C$1.85 billion, a PE ratio of 22.67 and a beta of 0.81. The business’s 50-day simple moving average is C$25.57.

Pet Valu (TSE:PET) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.41 earnings per share for the quarter, topping the consensus estimate of C$0.35 by C$0.06. Pet Valu had a return on equity of 128.24% and a net margin of 7.64%. The business had revenue of C$276.03 million during the quarter, compared to analysts’ expectations of C$267.68 million. As a group, sell-side analysts predict that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

Pet Valu Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.44 annualized dividend and a yield of 1.70%. Pet Valu’s dividend payout ratio (DPR) is 38.60%.

Pet Valu Company Profile

Pet Valu Holdings Ltd. engages in the retail and wholesale of pet foods and pet-related supplies for dogs, cats, fish, birds, reptiles, and small animals in Canada. It offers food and treats for dogs and cats, cat litter, dog and cat toys, collars and leashes, health and wellness solutions, waste management solutions, pet cages and carriers, flea and tick products, and pet apparel and other related accessories.