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

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

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

Pet Valu Trading Up 0.2 %

TSE:PET opened at C$24.95 on Wednesday. The stock’s 50-day simple moving average is C$25.51. The company has a market capitalization of C$1.79 billion, a P/E ratio of 21.89 and a beta of 0.81. Pet Valu has a one year low of C$23.58 and a one year high of C$32.90.

Pet Valu (TSE:PET) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping 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 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 research analysts predict that Pet Valu will post 1.6820546 earnings per share for the current year.

Pet Valu Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Friday, November 29th. Pet Valu’s payout ratio 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.