Pet Valu Holdings Ltd. (PET) To Go Ex-Dividend on November 29th

by · The Cerbat Gem

Pet Valu Holdings Ltd. (TSE:PET – Get Free Report) announced a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.11 per share on Monday, December 16th. This represents a $0.44 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, November 29th.

Pet Valu Stock Performance

Shares of PET opened at C$26.76 on Wednesday. The company has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 23.47 and a beta of 0.81. The company has a fifty day moving average price of C$25.89. Pet Valu has a 1 year low of C$23.58 and a 1 year high of C$32.90.

Pet Valu (TSE:PET – Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.41 earnings per share 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%. On average, equities analysts forecast that Pet Valu will post 1.6820546 EPS for the current year.

Wall Street Analysts Forecast Growth

PET has been the subject of several recent analyst reports. Cibc World Mkts upgraded Pet Valu to a “strong-buy” rating in a research report on Wednesday, August 7th. Barclays reduced their target price on Pet Valu from C$28.00 to C$27.00 in a research report on Wednesday, November 6th. TD Securities reduced their target price on Pet Valu from C$32.00 to C$30.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their target price on Pet Valu from C$34.00 to C$35.00 in a research report on Wednesday, November 6th. Finally, Cormark cut Pet Valu from a “moderate buy” rating to a “hold” rating in a report on Wednesday, November 6th.

View Our Latest Research Report on PET

About Pet Valu

(Get Free Report)

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.

Featured Stories