PetMed Express Inc. (NASDAQ:PETS) insider Bruce S. Rosenbloom sold 1,500 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $21.00, for a total transaction of $31,500.00. Following the sale, the insider now directly owns 41,767 shares in the company, valued at $877,107. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of PetMed Express Inc. (NASDAQ:PETS) opened at 20.32 on Wednesday. The stock has a market capitalization of $410.06 million, a P/E ratio of 19.35 and a beta of 1.07. The stock has a 50 day moving average of $20.41 and a 200-day moving average of $19.28. PetMed Express Inc. has a one year low of $15.61 and a one year high of $21.16.
PetMed Express (NASDAQ:PETS) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm earned $72.50 million during the quarter. PetMed Express had a return on equity of 25.97% and a net margin of 9.09%. PetMed Express’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. Equities analysts forecast that PetMed Express Inc. will post $1.11 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in PetMed Express by 19.6% in the second quarter. Royal Bank of Canada now owns 6,423 shares of the company’s stock valued at $120,000 after buying an additional 1,053 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in PetMed Express by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 59,370 shares of the company’s stock valued at $1,114,000 after buying an additional 966 shares during the last quarter. Arizona State Retirement System increased its stake in PetMed Express by 1.9% in the second quarter. Arizona State Retirement System now owns 10,467 shares of the company’s stock valued at $196,000 after buying an additional 200 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in PetMed Express during the second quarter valued at approximately $178,000. Finally, Paradigm Asset Management Co. LLC increased its stake in PetMed Express by 2.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 17,500 shares of the company’s stock valued at $328,000 after buying an additional 400 shares during the last quarter. 75.97% of the stock is owned by hedge funds and other institutional investors.
PETS has been the topic of several recent research reports. Zacks Investment Research raised shares of PetMed Express from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Wednesday, July 27th. Credit Suisse Group AG reaffirmed a “sell” rating and set a $13.00 price objective on shares of PetMed Express in a report on Tuesday, August 16th.
About PetMed Express
PetMed Express, Inc (PetMed Express), doing business as 1800PetMeds, is a pet pharmacy. The Company markets prescription and non-prescription pet medications, and other health products for dogs and cats, direct to the consumer. It offers a selection of products for dogs and cats. Its product line contains approximately 3,000 stock keeping units (SKUS) of pet medications, health products and supplies.
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