PetSmart SVP Donald E. Beaver Sells 31,744 Shares (PETM)

Share on StockTwits

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.

Receive News & Ratings for PetSmart Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PetSmart Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.

Latest News

Analysts’ Downgrades for September, 30th
Analysts’ Downgrades for September, 30th
Main Street Capital Director John Earl Jackson Purchases 1,000 Shares
Main Street Capital Director John Earl Jackson Purchases 1,000 Shares
PolyMet Mining Corp. Research Coverage Started at CIBC
PolyMet Mining Corp. Research Coverage Started at CIBC
Tenneco’s “Neutral” Rating Reaffirmed at Zacks
Tenneco’s “Neutral” Rating Reaffirmed at Zacks
Suncor Energy Earns “Neutral” Rating from Zacks
Suncor Energy Earns “Neutral” Rating from Zacks
Pandora Media Upgraded to Market Perform by Albert Fried & Company
Pandora Media Upgraded to Market Perform by Albert Fried & Company


Leave a Reply

 
© 2006-2014 Mideast Time.