PetSmart (NASDAQ:PETM) SVP Donald E. Beaver sold 31,744 shares of the stock on the open market in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $65.76, for a total value of $2,087,485.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
PETM has been the subject of a number of recent research reports. Analysts at Wolfe Research upgraded shares of PetSmart from an “underperform” rating to a “market perform” rating in a research note on Tuesday. Separately, analysts at Jefferies Group raised their price target on shares of PetSmart to $68.00 in a research note on Thursday, March 6th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “sell” rating on shares of PetSmart in a research note on Monday, February 10th. They now have a $60.00 price target on the stock, down previously from $65.00. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. PetSmart currently has a consensus rating of “Hold” and a consensus target price of $72.38.
PetSmart (NASDAQ:PETM) traded up 3.80% during mid-day trading on Tuesday, hitting $68.79. The stock had a trading volume of 3,546,990 shares. PetSmart has a 1-year low of $61.38 and a 1-year high of $77.32. The stock has a 50-day moving average of $65.98 and a 200-day moving average of $70.29. The company has a market cap of $7.022 billion and a P/E ratio of 16.49.
PetSmart (NASDAQ:PETM) last released its earnings data on Wednesday, March 5th. The company reported $1.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.21 by $0.07. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the company posted $1.24 earnings per share. PetSmart’s revenue was down 4.0% compared to the same quarter last year. Analysts expect that PetSmart will post $4.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 16th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, April 30th.
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.
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