Barclays Cuts Pet Valu (TSE:PET) Price Target to C$27.00

Pet Valu (TSE:PET) had its price objective lowered by Barclays from C$28.00 to C$27.00 in a research note released on Wednesday morning,BayStreet.CA reports.

Separately, Cibc World Mkts upgraded shares of Pet Valu to a “strong-buy” rating in a research report on Wednesday, August 7th.

Pet Valu Price Performance

TSE:PET opened at C$25.84 on Wednesday. Pet Valu has a one year low of C$23.58 and a one year high of C$32.90. The business has a fifty day moving average of C$25.57. The stock has a market cap of C$1.85 billion, a price-to-earnings ratio of 22.67 and a beta of 0.81.

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

Pet Valu Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend 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%.

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.