Pet Valu (TSE:PET) Price Target Lowered to C$34.00 at Raymond James

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

Several other equities analysts have also recently commented on PET. Cibc World Mkts raised Pet Valu to a “strong-buy” rating in a report on Wednesday, August 7th. Barclays decreased their price target on Pet Valu from C$28.00 to C$27.00 in a research note on Wednesday. Finally, Royal Bank of Canada increased their target price on shares of Pet Valu from C$34.00 to C$35.00 in a research report on Wednesday.

Pet Valu Stock Performance

PET opened at C$24.95 on Wednesday. The company has a market cap of C$1.79 billion, a P/E ratio of 21.89 and a beta of 0.81. The business’s 50-day moving average is C$25.51. Pet Valu has a 52-week low of C$23.58 and a 52-week high of C$32.90.

Pet Valu (TSE:PET) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.35 by C$0.06. Pet Valu had a return on equity of 128.24% and a net margin of 7.64%. The company had revenue of C$276.03 million for the quarter, compared to the consensus estimate of C$267.68 million. On average, research analysts predict that Pet Valu will post 1.6820546 EPS for the current year.

Pet Valu Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, November 29th. Pet Valu’s dividend payout ratio (DPR) is presently 38.60%.

About Pet Valu

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.