Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as C$30.74 and last traded at C$30.66, with a volume of 2996 shares changing hands. The stock had previously closed at C$30.71.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. National Bankshares increased their price objective on shares of Pet Valu from C$30.00 to C$33.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. TD Securities increased their target price on shares of Pet Valu from C$32.00 to C$35.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Raymond James increased their target price on shares of Pet Valu from C$34.00 to C$36.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. CIBC increased their target price on shares of Pet Valu from C$29.00 to C$33.00 in a report on Wednesday, March 5th. Finally, Stifel Canada upgraded shares of Pet Valu from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 10th. Seven research 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.
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Pet Valu Price Performance
The company has a market capitalization of C$2.18 billion, a price-to-earnings ratio of 25.28 and a beta of 0.81. The firm has a 50-day moving average price of C$27.46 and a two-hundred day moving average price of C$26.21.
Pet Valu Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be issued a dividend of $0.12 per share. The ex-dividend date is 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 1.57%. Pet Valu's dividend payout ratio (DPR) is presently 36.27%.
About Pet Valu
(
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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.
See Also
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