Brokers Set Expectations for Pet Valu FY2027 Earnings

Pet Valu Holdings Ltd. (TSE:PET - Free Report) - National Bank Financial increased their FY2027 earnings estimates for shares of Pet Valu in a note issued to investors on Wednesday, June 4th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of $2.03 for the year, up from their previous estimate of $2.01. The consensus estimate for Pet Valu's current full-year earnings is $1.68 per share.

PET has been the topic of several other research reports. Raymond James upped their target price on Pet Valu from C$34.00 to C$36.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Barclays increased their price target on Pet Valu from C$27.00 to C$32.00 in a research note on Wednesday, March 5th. National Bankshares set a C$33.00 price objective on Pet Valu and gave the stock an "outperform" rating in a research report on Thursday. ATB Capital raised their price target on shares of Pet Valu from C$39.00 to C$40.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada upped their price objective on Pet Valu from C$34.00 to C$35.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Seven analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$34.33.

Pet Valu Stock Performance

PET opened at C$31.50 on Friday. The business's 50-day simple moving average is C$27.84 and its 200 day simple moving average is C$26.34. The firm has a market capitalization of C$2.24 billion, a PE ratio of 25.97 and a beta of 0.81. Pet Valu has a 52-week low of C$22.53 and a 52-week high of C$31.99.

Pet Valu Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, May 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.52%. This is an increase from Pet Valu's previous quarterly dividend of $0.11. Pet Valu's dividend payout ratio (DPR) is presently 36.27%.

About Pet Valu

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.

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