Pet Valu Holdings Ltd. (TSE:PET) Announces Quarterly Dividend of $0.12

Pet Valu Holdings Ltd. (TSE:PET) announced a quarterly dividend on Friday, November 28th, TickerTech Dividends reports. Stockholders of record on Monday, December 15th will be given a dividend of 0.12 per share on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, November 28th.

Pet Valu Trading Down 1.5%

Shares of PET traded down C$0.45 during midday trading on Wednesday, hitting C$28.60. 169,507 shares of the company’s stock traded hands, compared to its average volume of 121,835. Pet Valu has a 1 year low of C$22.53 and a 1 year high of C$39.24. The firm’s fifty day moving average is C$33.54 and its 200-day moving average is C$33.85. The stock has a market capitalization of C$1.97 billion, a price-to-earnings ratio of 20.88 and a beta of 0.93.

Pet Valu (TSE:PET) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C$0.36 earnings per share for the quarter. Pet Valu had a return on equity of 100.39% and a net margin of 8.02%.The business had revenue of C$289.46 million for the quarter. On average, equities research analysts anticipate that Pet Valu will post 1.6820546 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on PET. TD Securities reduced their price target on shares of Pet Valu from C$44.00 to C$40.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. CIBC dropped their price target on Pet Valu from C$42.00 to C$36.00 in a research report on Wednesday, November 5th. Desjardins upped their price objective on Pet Valu from C$38.00 to C$41.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Barclays lowered their target price on Pet Valu from C$41.00 to C$34.00 in a research note on Wednesday, November 5th. Finally, ATB Capital upped their price target on Pet Valu from C$40.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$38.89.

Pet Valu Company Profile

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.