Raymond James Issues Pessimistic Forecast for Pet Valu (TSE:PET) Stock Price

Pet Valu (TSE:PET) had its target price lowered by Raymond James from C$36.00 to C$34.00 in a report released on Wednesday,BayStreet.CA reports. Raymond James also issued estimates for Pet Valu’s Q4 2024 earnings at $0.39 EPS, FY2024 earnings at $1.51 EPS and FY2025 earnings at $1.50 EPS.

Several other analysts have also weighed in on the company. Barclays lowered their target price on Pet Valu from C$28.00 to C$27.00 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 target price on Pet Valu from C$34.00 to C$35.00 in a report on Wednesday.

Pet Valu Price Performance

TSE:PET opened at C$25.84 on Wednesday. The business has a fifty day simple moving average of C$25.57. The stock has a market capitalization of C$1.85 billion, a PE ratio of 22.67 and a beta of 0.81. Pet Valu has a 1 year low of C$23.58 and a 1 year high of C$32.90.

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

Pet Valu Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, November 29th. Pet Valu’s payout ratio is currently 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.