TD Securities Cuts Pet Valu (TSE:PET) Price Target to C$30.00

Pet Valu (TSE:PET) had its price target cut by TD Securities from C$32.00 to C$30.00 in a research note released on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

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

Pet Valu Stock Performance

Shares of PET stock opened at C$25.84 on Wednesday. Pet Valu has a 12 month low of C$23.58 and a 12 month high of C$32.90. The stock has a fifty day simple moving average of C$25.57. The company has a market capitalization of C$1.85 billion, a price-to-earnings ratio of 22.67 and a beta of 0.81.

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

Pet Valu Cuts Dividend

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