Pet Valu FY2025 EPS Boosted by Raymond James Financial

Key Points

• Raymond James Financial has raised its FY2025 EPS estimate for Pet Valu from $1.65 to $1.68, maintaining an "Outperform" rating and a target price of $40.00 for the stock.
• Pet Valu's quarterly dividend was increased from $0.11 to $0.12 per share, resulting in an annualized dividend yield of 1.3%.
• Multiple analysts have upgraded their price targets on Pet Valu, with recent estimates ranging from C$38.00 to C$41.00, reflecting strong market confidence in the company's performance.

Pet Valu Holdings Ltd. (TSE:PET - Free Report) - Investment analysts at Raymond James Financial increased their FY2025 earnings per share (EPS) estimates for Pet Valu in a research note issued on Tuesday, August 5th. Raymond James Financial analyst M. Glen now expects that the company will post earnings of $1.68 per share for the year, up from their previous forecast of $1.65. Raymond James Financial has a "Outperform" rating and a $40.00 price target on the stock. The consensus estimate for Pet Valu's current full-year earnings is $1.68 per share. Raymond James Financial also issued estimates for Pet Valu's Q4 2025 earnings at $0.56 EPS.

A number of other equities research analysts have also recently weighed in on PET. TD Securities boosted their price objective on Pet Valu from C$35.00 to C$44.00 and gave the company a "buy" rating in a research note on Wednesday. Royal Bank Of Canada boosted their price objective on Pet Valu from C$35.00 to C$41.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Desjardins boosted 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. Cormark upgraded Pet Valu from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, May 7th. Finally, Stifel Canada upgraded Pet Valu from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 10th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$40.22.

Pet Valu Trading Down 0.9%

PET stock traded down C$0.33 during trading on Thursday, hitting C$35.97. 88,196 shares of the company's stock were exchanged, compared to its average volume of 107,156. The business has a 50-day moving average price of C$33.15 and a two-hundred day moving average price of C$28.73. The stock has a market capitalization of C$2.56 billion, a price-to-earnings ratio of 29.65 and a beta of 0.81. Pet Valu has a 52-week low of C$22.53 and a 52-week high of C$36.86.

Pet Valu Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 16th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 30th. This is an increase from Pet Valu's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. Pet Valu's dividend payout ratio is presently 36.27%.

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.