A number of other analysts have also recently weighed in on PETM. Analysts at Piper Jaffray downgraded shares of Petsmart from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday. Separately, analysts at Johnson Rice downgraded shares of Petsmart from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, February 25th. Finally, analysts at Bank of America set a $85.00 price target on shares of Petsmart in a research note to investors on Monday, February 4th.
Eight equities research analysts have rated the stock with a buy rating, eleven have assigned a hold rating, and one has given a sell rating to the company. Petsmart currently has a consensus rating of “overweight” and an average price target of $74.71.
Shares of Petsmart opened at 66.55 on Thursday. Petsmart has a one year low of $54.20 and a one year high of $72.75. The stock’s 50-day moving average is currently $65.79. The company has a market cap of $7.152 billion and a P/E ratio of 20.63.
Petsmart last posted its quarterly earnings results on Wednesday, March 6th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.03. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the company posted $0.91 earnings per share. Petsmart ‘s revenue was up 14.7% compared to the same quarter last year. Petsmart has set its Q1 guidance at $0.92-0.98 EPS and its FY14 guidance at $3.76-3.92 EPS. On average, analysts predict that Petsmart will post $3.53 earnings per share for the current fiscal year.
PetSmart, Inc. supplies products, services and solutions for the lifetime needs of pets. The Company operates a website for pet supplies, foods and different animal needs.
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