Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) declared a quarterly dividend on Friday, November 29th, Zacks reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.11 per share on Monday, December 16th. This represents a $0.44 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Friday, November 29th.
Pet Valu Price Performance
PET traded up C$0.05 during mid-day trading on Wednesday, hitting C$24.95. The stock had a trading volume of 97,845 shares, compared to its average volume of 71,125. The firm has a market cap of C$1.79 billion, a price-to-earnings ratio of 22.02 and a beta of 0.81. Pet Valu has a 1-year low of C$23.58 and a 1-year high of C$32.90. The business's fifty day simple moving average is C$25.50.
Pet Valu (TSE:PET - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.35 by C$0.06. Pet Valu had a net margin of 7.64% and a return on equity of 128.24%. The firm had revenue of C$276.03 million during the quarter, compared to the consensus estimate of C$267.68 million. As a group, analysts forecast that Pet Valu will post 1.6820546 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on PET shares. Raymond James cut their price objective on Pet Valu from C$36.00 to C$34.00 in a report on Wednesday. Royal Bank of Canada upped their target price on Pet Valu from C$34.00 to C$35.00 in a research report on Wednesday. Barclays cut their price objective on shares of Pet Valu from C$28.00 to C$27.00 in a research report on Wednesday. TD Securities dropped their price objective on shares of Pet Valu from C$32.00 to C$30.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Cibc World Mkts raised Pet Valu to a "strong-buy" rating in a research report on Wednesday, August 7th.
Read Our Latest Stock Report on PET
About Pet Valu
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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.
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