Pet Valu (TSE:PET) Releases Quarterly Earnings Results

Pet Valu (TSE:PET) issued its earnings results on Tuesday. The company reported C$0.37 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$290.68 million during the quarter. Pet Valu had a return on equity of 117.77% and a net margin of 8.11%.

Pet Valu Price Performance

TSE:PET opened at C$18.80 on Tuesday. The firm’s 50-day moving average price is C$18.72 and its 200-day moving average price is C$21.69. The company has a market capitalization of C$1.28 billion, a PE ratio of 13.72 and a beta of 1.14. Pet Valu has a 1-year low of C$16.58 and a 1-year high of C$39.24.

Analyst Upgrades and Downgrades

PET has been the topic of several recent analyst reports. National Bank Financial cut their target price on shares of Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 13th. Barclays lowered Pet Valu from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from C$28.00 to C$17.00 in a research report on Wednesday, May 13th. TD Securities raised Pet Valu to a “strong-buy” rating in a research note on Thursday, May 21st. Royal Bank Of Canada cut their price target on shares of Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Finally, Desjardins decreased their price objective on shares of Pet Valu from C$32.00 to C$26.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Pet Valu has a consensus rating of “Moderate Buy” and a consensus target price of C$24.33.

Insider Activity at Pet Valu

In other Pet Valu news, insider Gregory Mark Ramier acquired 2,800 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were acquired at an average price of C$17.89 per share, for a total transaction of C$50,092.00. Following the completion of the acquisition, the insider owned 2,800 shares in the company, valued at C$50,092. This trade represents a ∞ increase in their ownership of the stock. Also, Director Carmine Fortino bought 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of C$17.26 per share, with a total value of C$172,600.00. Following the purchase, the director directly owned 10,000 shares of the company’s stock, valued at approximately C$172,600. This represents a ∞ increase in their position. Insiders acquired a total of 17,800 shares of company stock valued at $308,142 in the last three months. Company insiders own 0.29% of the company’s stock.

About Pet Valu

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.