Bruce S. Rosenbloom Sells 3,000 Shares of PetMed Express Inc. (PETS) Stock
PetMed Express Inc. (NASDAQ:PETS) insider Bruce S. Rosenbloom sold 3,000 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $21.75, for a total value of $65,250.00. Following the completion of the transaction, the insider now directly owns 38,767 shares of the company’s stock, valued at approximately $843,182.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of PetMed Express Inc. (NASDAQ:PETS) opened at 21.77 on Thursday. PetMed Express Inc. has a 12 month low of $15.73 and a 12 month high of $22.23. The company’s 50 day moving average price is $20.35 and its 200 day moving average price is $19.73. The company has a market cap of $446.87 billion, a price-to-earnings ratio of 20.35 and a beta of 1.11.
PetMed Express (NASDAQ:PETS) last issued its earnings results on Monday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.02. PetMed Express had a net margin of 9.10% and a return on equity of 25.77%. The company earned $60.80 million during the quarter, compared to analyst estimates of $58.47 million. During the same quarter in the previous year, the company posted $0.22 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts expect that PetMed Express Inc. will post $1.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Monday, November 7th will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, November 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.49%. PetMed Express’s dividend payout ratio is currently 71.03%.
Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of PetMed Express by 43.6% in the first quarter. JPMorgan Chase & Co. now owns 45,047 shares of the company’s stock worth $807,000 after buying an additional 13,670 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of PetMed Express by 3.4% in the first quarter. Prudential Financial Inc. now owns 48,464 shares of the company’s stock worth $868,000 after buying an additional 1,600 shares in the last quarter. First Midwest Bank Trust Division increased its position in shares of PetMed Express by 46.0% in the second quarter. First Midwest Bank Trust Division now owns 41,432 shares of the company’s stock worth $777,000 after buying an additional 13,058 shares in the last quarter. Hancock Holding Co. increased its position in shares of PetMed Express by 2.7% in the second quarter. Hancock Holding Co. now owns 95,496 shares of the company’s stock worth $1,791,000 after buying an additional 2,551 shares in the last quarter. Finally, Cardinal Capital Management increased its position in shares of PetMed Express by 5.4% in the second quarter. Cardinal Capital Management now owns 41,593 shares of the company’s stock worth $780,000 after buying an additional 2,145 shares in the last quarter. Hedge funds and other institutional investors own 74.53% of the company’s stock.
A number of equities research analysts have commented on PETS shares. Zacks Investment Research lowered PetMed Express from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Credit Suisse Group AG reiterated a “sell” rating and issued a $13.00 price target on shares of PetMed Express in a research report on Tuesday, August 16th.
PetMed Express Company Profile
PetMed Express, Inc (PetMed Express), doing business as 1800PetMeds, is a pet pharmacy. The Company markets prescription and non-prescription pet medications, and other health products for dogs and cats, direct to the consumer. It offers a selection of products for dogs and cats. Its product line contains approximately 3,000 stock keeping units (SKUS) of pet medications, health products and supplies.
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