PetMed Express - PETS Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PetMed Express in the last twelve months. 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.

2 equities research analysts have issued 12 month price objectives for PetMed Express' shares. Their PETS share price forecasts range from $18.00 to $32.00. On average, they predict the company's stock price to reach $25.00 in the next year. This suggests a possible upside of 33.2% from the stock's current price.
View analysts price targets for PETS or view top-rated stocks among Wall Street analysts.

PetMed Express' stock was trading at $25.26 on January 1st, 2022. Since then, PETS stock has decreased by 25.7% and is now trading at $18.77.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 23rd 2023.
View our PETS earnings forecast.

PetMed Express, Inc. (NASDAQ:PETS) released its quarterly earnings data on Sunday, October, 24th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.03. The business had revenue of $67.39 million for the quarter, compared to the consensus estimate of $70.90 million. PetMed Express had a net margin of 5.98% and a trailing twelve-month return on equity of 11.17%. During the same period last year, the business earned $0.42 EPS.

PetMed Express announced a quarterly dividend on Monday, November 7th. Shareholders of record on Friday, November 18th will be given a dividend of $0.30 per share on Wednesday, November 30th. This represents a $1.20 annualized dividend and a dividend yield of 6.39%. The ex-dividend date of this dividend is Thursday, November 17th.
Read our dividend analysis for PETS.

PetMed Express (NASDAQ:PETS) pays an annual dividend of $1.20 per share and currently has a dividend yield of 6.33%. PETS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 153.85%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PETS will have a dividend payout ratio of 137.93% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PETS.

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.

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).

PetMed Express trades on the NASDAQ under the ticker symbol "PETS."

PetMed Express' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.67%), Vanguard Group Inc. (7.23%), Renaissance Technologies LLC (4.61%), State Street Corp (4.40%), Dimensional Fund Advisors LP (2.70%) and ProShare Advisors LLC (2.45%). Insiders that own company stock include Bruce S Rosenbloom, Gian Fulgoni, Menderes Akdag and Ronald J Korn.
View institutional ownership trends.

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.
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One share of PETS stock can currently be purchased for approximately $18.77.

PetMed Express (NASDAQ:PETS) has a market capitalization of $395.60 million and generates $273.42 million in revenue each year. The company earns $21.10 million in net income (profit) each year or $0.78 on an earnings per share basis.

The company employs 219 workers across the globe.

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.