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

Pet Valu (TSE:PET) had its price objective decreased by Raymond James from C$36.00 to C$34.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. Raymond James also issued estimates for Pet Valu’s Q4 2024 earnings at $0.39 EPS and FY2025 earnings at $1.50 EPS.

Other equities research analysts also recently issued research reports about the stock. Barclays lowered their price objective on shares of Pet Valu from C$28.00 to C$27.00 in a research report on Wednesday. Cibc World Mkts raised shares of Pet Valu to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, 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.

Pet Valu Price Performance

Pet Valu stock opened at C$24.95 on Wednesday. The stock has a market cap of C$1.79 billion, a P/E ratio of 21.89 and a beta of 0.81. Pet Valu has a 12-month low of C$23.58 and a 12-month high of C$32.90. The business’s fifty day moving average price is C$25.51.

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

Pet Valu Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.11 per share. 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’s dividend payout ratio (DPR) is currently 38.60%.

Pet Valu Company Profile

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.