Petmed Express Inc (PETS) Given Average Rating of “Hold” by Brokerages

Petmed Express Inc (NASDAQ:PETS) has been given an average rating of “Hold” by the six analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $18.00.

PETS has been the topic of a number of analyst reports. BidaskClub raised Petmed Express from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Craig Hallum reduced their price objective on shares of Petmed Express from $25.00 to $18.00 and set a “sell” rating for the company in a research note on Wednesday, January 23rd. Finally, ValuEngine cut shares of Petmed Express from a “hold” rating to a “sell” rating in a research note on Monday, February 4th.

Petmed Express stock traded down $0.40 during midday trading on Tuesday, hitting $22.03. 4,412 shares of the company were exchanged, compared to its average volume of 527,829. The firm has a market capitalization of $467.56 million, a PE ratio of 11.20 and a beta of 0.51. Petmed Express has a fifty-two week low of $20.25 and a fifty-two week high of $46.83.

Petmed Express (NASDAQ:PETS) last announced its quarterly earnings data on Tuesday, January 22nd. The company reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.10). The firm had revenue of $60.10 million during the quarter, compared to analyst estimates of $64.22 million. Petmed Express had a net margin of 14.43% and a return on equity of 32.89%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Investment Advisory Services LLC bought a new position in shares of Petmed Express in the 4th quarter worth $26,000. Quantamental Technologies LLC bought a new position in Petmed Express during the fourth quarter worth about $71,000. Kessler Investment Group LLC lifted its holdings in Petmed Express by 159.8% during the first quarter. Kessler Investment Group LLC now owns 3,336 shares of the company’s stock worth $76,000 after acquiring an additional 2,052 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Petmed Express by 39.3% during the fourth quarter. Advisory Services Network LLC now owns 3,543 shares of the company’s stock worth $82,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in Petmed Express during the fourth quarter worth about $139,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

About Petmed Express

PetMed Express, Inc and its subsidiaries, doing business as 1-800-PetMeds, operates as a pet pharmacy in the United States. It markets prescription and non-prescription pet medications, and other health products for dogs and cats directly to the consumers. The company offers non-prescription medications and supplies, including flea and tick control products, bone and joint care products, vitamins, treats, nutritional supplements, hygiene products, and supplies; and prescription medications, such as heartworm preventative, flea and tick preventative, arthritis, thyroid, diabetes, pain, heart/blood pressure, and other specialty medications, as well as generic substitutes.

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