NASDAQ:PETS

PetMed Express (PETS) Stock Forecast, Price & News

$10.97

-0.15 (-1.35%)

(As of 09/22/2023 ET)

Compare

Today's Range: $10.94
▼
$11.26
50-Day Range: $10.80
▼
$14.65
52-Week Range: $10.48
▼
$22.64

Volume: 223,571 shs
Average Volume: 398,222 shs
Market Capitalization: $232.23 million

P/E Ratio: N/A
Dividend Yield: 10.94%
Price Target: $18.50

PetMed Express MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 68.6% Upside
$18.50 Price Target
Short Interest: Bearish
15.86% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 3.70%
From $0.54 to $0.56 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.01 out of 5 stars

Retail/Wholesale Sector

141st out of 208 stocks

Drug Stores & Proprietary Stores Industry

3rd out of 5 stocks

3.0

Analyst's Opinion

Consensus Rating
PetMed Express has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $18.50, PetMed Express has a forecasted upside of 68.6% from its current price of $10.97.
Amount of Analyst Coverage
PetMed Express has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
15.86% of the float of PetMed Express has been sold short.
Short Interest Ratio / Days to Cover
PetMed Express has a short interest ratio ("days to cover") of 5.7.
Change versus previous month
Short interest in PetMed Express has recently decreased by 2.43%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Leadership
PetMed Express is a leading dividend payer. It pays a dividend yield of 10.94%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
PetMed Express does not have a long track record of dividend growth.
Dividend Sustainability
Based on EPS estimates, PetMed Express will have a dividend payout ratio of 214.29% in the coming year. This indicates that PetMed Express may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PETS.

2.5

News and Social Media Coverage

News Sentiment
PetMed Express has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 1 news article for PetMed Express this week, compared to 4 articles on an average week.
Search Interest
17 people have searched for PETS on MarketBeat in the last 30 days. This is an increase of 55% compared to the previous 30 days.
MarketBeat Follows
8 people have added PetMed Express to their MarketBeat watchlist in the last 30 days. This is an increase of 700% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PetMed Express insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.60% of the stock of PetMed Express is held by insiders.
Percentage Held by Institutions
74.99% of the stock of PetMed Express is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for PetMed Express are expected to grow by 3.70% in the coming year, from $0.54 to $0.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PetMed Express is -68.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of PetMed Express is -68.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
PetMed Express has a P/B Ratio of 1.87. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PetMed Express (NASDAQ:PETS) Stock

PetMed Express, Inc., together with its subsidiaries, operates as a pet pharmacy in the United States. The company markets prescription and non-prescription pet medications, health products, and other supplies for dogs, cats, and horses. It offers non-prescription medications and supplies, such as flea and tick control products, bone and joint care products, vitamins, treats, nutritional supplements, hygiene products, and supplies; and prescription medications, including heartworm preventatives, flea and tick preventatives, arthritis, dermatitis, thyroid, diabetes, pain medications, heart/blood pressure, and other specialty medications, as well as generic substitutes. The company also sells food, beds, crates, stairs, and other pet supplies. It sells its products through its Internet website; mobile app; customer support center; and direct mail/print, which includes brochures and postcards, as well as television advertising under the 1-800-PetMeds, PetCare Rx, and PetMeds brands. The company was incorporated in 1996 and is headquartered in Delray Beach, Florida.

PETS Price History

30 days | 90 days | 365 days | Advanced Chart

PETS Stock News Headlines

August 25, 2023 | marketbeat.com

One of these 5 Pet Care Stocks Can Be the Next Short Squeeze (PETS)

Pet care stocks are down compared to last year and the short interest is high but improving cash flows and secular trends suggest a short-squeeze is possible.

September 21, 2023 | news.yahoo.com

Jersey's Journeys: Pets up for adoption at PACC for September 21st

September 24, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

September 14, 2023 | news.yahoo.com

Jersey's Journeys: Pets up for adoption at Hope Animal Shelter

September 13, 2023 | msn.com

Strong Bonds Between Pet Parents and Their Furry Companions

September 8, 2023 | msn.com

4 in 10 pet owners would take a pay cut to work from home with their pets: poll

September 7, 2023 | finance.yahoo.com

PetMed Express Announces Upcoming Conference Participation

September 7, 2023 | finance.yahoo.com

Janover Inc. Appoints Finance Veteran Bruce S. Rosenbloom, CPA as its Chief Financial Officer

September 24, 2023 | Legacy Research (Ad)

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September 1, 2023 | thestreet.com

PetMed Express Stock Hits New 52-Week Low (PETS)

August 27, 2023 | finance.yahoo.com

PetMed Express (NASDAQ:PETS) investors are sitting on a loss of 61% if they invested five years ago

August 22, 2023 | msn.com

How to prepare, care for your pets during hurricane season

August 6, 2023 | finance.yahoo.com

Here's Why We're Wary Of Buying PetMed Express' (NASDAQ:PETS) For Its Upcoming Dividend

August 4, 2023 | finance.yahoo.com

PetMed Express' (NASDAQ:PETS) Dividend Will Be $0.30

August 1, 2023 | finanznachrichten.de

PetMed Express, Inc.: PetMeds Announces Its First Quarter Financial Results and Declares a Quarterly Dividend of $0.30 Per Share

August 1, 2023 | nz.finance.yahoo.com

PETS - PetMed Express, Inc.

August 1, 2023 | msn.com

Why Risk Takers May See Significant Upside in PetMed Express (PETS)

August 1, 2023 | finance.yahoo.com

Q1 2023 Petmed Express Inc Earnings Call

July 31, 2023 | nasdaq.com

PetMed Express Inc. Q1 Earnings Summary

July 31, 2023 | finance.yahoo.com

PetMeds® Announces Its First Quarter Financial Results and Declares a Quarterly Dividend of $0.30 Per Share

July 28, 2023 | msn.com

Morgan Stanley Reiterates Petmed Express (PETS) Underweight Recommendation

July 22, 2023 | seekingalpha.com

PetMed Express: I'd Take That Medicine (Rating Upgrade)

July 17, 2023 | finance.yahoo.com

PetMed Express, Inc. Sets Fiscal First Quarter 2024 Earnings Call

July 17, 2023 | finance.yahoo.com

PetMed Express, Inc. Sets Fiscal First Quarter 2024 Earnings Call

July 12, 2023 | finance.yahoo.com

PetMed Express, Inc. (NASDAQ:PETS) is largely controlled by institutional shareholders who own 77% of the company

July 7, 2023 | finance.yahoo.com

Implied Volatility Surging for PetMed Express (PETS) Stock Options

July 1, 2023 | finance.yahoo.com

3 High-Dividend Small-Cap Stocks to Snag Now

See More Headlines

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PETS Company Calendar

Last Earnings: 7/31/2023
Ex-Dividend for 8/18 Dividend: 8/11/2023
Dividend Payable: 8/18/2023
Today: 9/24/2023
Next Earnings (Estimated): 11/06/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Drug stores & proprietary stores
Sub-Industry: Internet Retail
Sector: Retail/Wholesale
Current Symbol: NASDAQ:PETS
CUSIP: 71638210
CIK: 1040130
Web: www.1800petmeds.com
Phone: (561) 526-4444
Fax: 561-526-4445
Employees: 302
Year Founded: 1996

Price Target and Rating

Average Stock Price Forecast: $18.50
High Stock Price Forecast: $20.00
Low Stock Price Forecast: $17.00
Forecasted Upside/Downside: +68.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.16)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 20.31
P/E Growth: N/A
Net Income: $230,000.00
Net Margins: -1.29%
Pretax Margin: -1.22%
Return on Equity: 2.95%
Return on Assets: 2.23%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.85
Quick Ratio: 1.28

Sales & Book Value

Annual Sales: $256.86 million
Price / Sales: 0.90
Cash Flow: $0.53 per share
Price / Cash Flow: 20.84
Book Value: $5.87 per share
Price / Book: 1.87

Miscellaneous

Outstanding Shares: 21,170,000
Free Float: 20,407,000
Market Cap: $232.23 million
Optionable: Optionable
Beta: 0.68

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Key Executives

Mr. Mathew N. Hulett (Age 52)
CEO, Pres & Director
Comp: $534.12k

Ms. Christine Chambers (Age 45)
CFO, Principal Financial Officer, Principal Accounting Officer, Treasurer & Sec.
Comp: $305.4k

Mr. Mark Moseley
Chief Technology & Information Officer

Mr. Daniel Job Pingree
Chief Marketing Officer

Ms. Jacqueline Smith
VP of People

Wendy Zalai
Corp. Controller & Corp. Sec.

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

PETS Stock - Frequently Asked Questions

Should I buy or sell PetMed Express stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PetMed Express in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PETS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PETS, but not buy additional shares or sell existing shares.
View PETS analyst ratings or view top-rated stocks.
What is PetMed Express' stock price forecast for 2023?: 2 brokerages have issued 1-year price targets for PetMed Express' shares. Their PETS share price forecasts range from $17.00 to $20.00. On average, they expect the company's stock price to reach $18.50 in the next twelve months. This suggests a possible upside of 68.6% from the stock's current price.
View analysts price targets for PETS or view top-rated stocks among Wall Street analysts.
How have PETS shares performed in 2023?: PetMed Express' stock was trading at $17.70 at the beginning of 2023. Since then, PETS shares have decreased by 38.0% and is now trading at $10.97.
View the best growth stocks for 2023 here.
When is PetMed Express' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our PETS earnings forecast.
How were PetMed Express' earnings last quarter?: PetMed Express, Inc. (NASDAQ:PETS) announced its earnings results on Monday, July, 31st. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.09 by $0.13. The company earned $78.24 million during the quarter, compared to analyst estimates of $79.24 million. PetMed Express had a negative net margin of 1.29% and a positive trailing twelve-month return on equity of 2.95%. During the same period last year, the company posted $0.14 earnings per share.
How often does PetMed Express pay dividends? What is the dividend yield for PetMed Express?: PetMed Express declared a quarterly dividend on Monday, July 31st. Stockholders of record on Monday, August 14th will be paid a dividend of $0.30 per share on Friday, August 18th. This represents a $1.20 dividend on an annualized basis and a yield of 10.94%. The ex-dividend date is Friday, August 11th.
Read our dividend analysis for PETS.
What ETFs hold PetMed Express' stock?: ETFs with the largest weight of PetMed Express (NASDAQ:PETS) stock in their portfolio include Formidable ETF (FORH), Amplify Online Retail ETF (IBUY), Global SuperDividend US ETF (DIV) and ProShares Pet Care ETF (PAWZ).Global X E-Commerce ETF (EBIZ).
Is PetMed Express a good dividend stock?: PetMed Express (NASDAQ:PETS) pays an annual dividend of $1.20 per share and currently has a dividend yield of 10.94%. PETS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PETS.

What is Mendo Akdag's approval rating as PetMed Express' CEO?: 5 employees have rated PetMed Express Chief Executive Officer Mendo Akdag on Glassdoor.com. Mendo Akdag has an approval rating of 46% among the company's employees. This puts Mendo Akdag in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of PetMed Express own?: Based on aggregate information from My MarketBeat watchlists, some companies that other PetMed Express investors own include Intel (INTC), NVIDIA (NVDA), AT&T (T), Cisco Systems (CSCO), Alibaba Group (BABA), Gilead Sciences (GILD), Advanced Micro Devices (AMD), Verizon Communications (VZ), Netflix (NFLX) and Micron Technology (MU).
What is PetMed Express' stock symbol?: PetMed Express trades on the NASDAQ under the ticker symbol "PETS."
Who are PetMed Express' major shareholders?: PetMed Express' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.00%), Renaissance Technologies LLC (4.81%), Dimensional Fund Advisors LP (3.67%), Mirae Asset Global Investments Co. Ltd. (3.30%), State Street Corp (3.09%) and Geode Capital Management LLC (2.16%). Insiders that own company stock include Bruce S Rosenbloom, Gian Fulgoni, Menderes Akdag and Ronald J Korn.
View institutional ownership trends.
How do I buy shares of PetMed Express?: Shares of PETS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is PetMed Express' stock price today?: One share of PETS stock can currently be purchased for approximately $10.97.
How much money does PetMed Express make?: PetMed Express (NASDAQ:PETS) has a market capitalization of $232.23 million and generates $256.86 million in revenue each year. The company earns $230,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis.
How many employees does PetMed Express have?: The company employs 302 workers across the globe.
How can I contact PetMed Express?: PetMed Express' mailing address is 420 SOUTH CONGRESS AVENUE, DELRAY BEACH FL, 33445. The official website for the company is www.1800petmeds.com. The company can be reached via phone at (561) 526-4444, via email at investor@petmeds.com, or via fax at 561-526-4445.

This page (NASDAQ:PETS) was last updated on 9/24/2023 by MarketBeat.com Staff

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