Pet Valu (TSE:PET) Given New C$34.00 Price Target at Raymond James

Pet Valu (TSE:PET) had its price target cut by Raymond James from C$36.00 to C$34.00 in a research note published on Wednesday,BayStreet.CA reports. Raymond James also issued estimates for Pet Valu’s Q4 2024 earnings at $0.39 EPS, FY2024 earnings at $1.51 EPS and FY2025 earnings at $1.50 EPS.

PET has been the subject of several other reports. Royal Bank of Canada upped their target price on shares of Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday. Barclays decreased their price objective on shares of Pet Valu from C$28.00 to C$27.00 in a research report on Wednesday. Finally, Cibc World Mkts raised Pet Valu to a “strong-buy” rating in a research report on Wednesday, August 7th.

Pet Valu Trading Up 1.9 %

Shares of Pet Valu stock opened at C$25.84 on Wednesday. The business’s fifty day simple moving average is C$25.57. Pet Valu has a twelve month low of C$23.58 and a twelve month high of C$32.90. The stock has a market cap of C$1.85 billion, a PE ratio of 22.67 and a beta of 0.81.

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

Pet Valu Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.44 annualized dividend and a dividend yield of 1.70%. Pet Valu’s payout ratio is 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.