Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$32.67 and last traded at C$32.67, with a volume of 98277 shares trading hands. The stock had previously closed at C$31.95.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on PET. Stifel Nicolaus lifted their target price on Pet Valu from C$28.50 to C$33.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. TD Securities lifted their price objective on Pet Valu from C$32.00 to C$35.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. CIBC lifted their price objective on Pet Valu from C$29.00 to C$33.00 in a research note on Wednesday, March 5th. Barclays lifted their price objective on Pet Valu from C$27.00 to C$32.00 in a research note on Wednesday, March 5th. Finally, National Bankshares set a C$33.00 price objective on Pet Valu and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Seven investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$34.33.
Check Out Our Latest Report on PET
Pet Valu Stock Performance
The stock has a market cap of C$2.34 billion, a PE ratio of 27.14 and a beta of 0.81. The stock has a fifty day moving average price of C$29.79 and a 200 day moving average price of C$26.83.
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. This is a boost from Pet Valu's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.46%. Pet Valu's payout ratio is 36.27%.
About Pet Valu
(
Get Free Report)
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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