PetMed Express Inc. [NASDAQ: PETS] closed the trading session at $36.68 on 02/25/21. The day’s price range saw the stock hit a low of $35.13, while the highest price level was $37.50. The company report on January 19, 2021 that PetMed Express d/b/a 1-800-PetMeds Announces Its Third Fiscal Quarter Financial Results and Its Quarterly Dividend of $0.28 Per Share.
Quarterly Sales Increased 10% Diluted EPS increased from $0.34 to $0.38 per share Quarterly Average Order Size increased to $88.
PetMed Express, Inc. (NASDAQ: PETS) announced its financial results for the quarter ended December 31, 2020. Net sales for the quarter ended December 31, 2020 were $65.9 million, compared to $59.9 million for the quarter ended December 31, 2019, an increase of 10.0%. Net sales for the nine months ended December 31, 2020 were $237.5 million, compared to $209.8 million for the nine months ended December 31, 2019, an increase of 13.2%. Net income was $7.6 million, or $0.38 diluted per share, for the quarter ended December 31, 2020, compared to net income of $6.8 million, or $0.34 diluted per share, for the quarter ended December 31, 2019, an 11.3% increase to net income. Net income was $23.8 million, or $1.18 diluted per share, for the nine months ended December 31, 2020, compared to net income of $18.8 million, or $0.94 diluted per share, for the nine months ended December 31, 2019, a 26.0% increase to net income. Reorder sales increased 11.9%, to $60.2 million for the quarter ended December 31, 2020, compared to $53.8 million for the same quarter in the prior year. Reorder sales increased 13.6%, to $208.4 million for the nine months ended December 31, 2020, compared to $183.4 million for the same period in the prior year.
The stocks have a year to date performance of 14.41 percent and weekly performance of 2.34 percent. The stock has been moved at 3.18 percent over the last six months. The stock has performed -5.37 percent around the most recent 30 days and changed 21.18 percent over the most recent 3-months.
If compared to the average trading volume of 841.12K shares, PETS reached to a volume of 1005803 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about PetMed Express Inc. [PETS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PETS shares is $33.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PETS stock is a recommendation set at 3.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Sidoti have made an estimate for PetMed Express Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 27, 2021. While these analysts kept the previous recommendation, Sidoti raised their target price from $37 to $41. The new note on the price target was released on August 19, 2020, representing the official price target for PetMed Express Inc. stock.
The Average True Range (ATR) for PetMed Express Inc. is set at 3.25, with the Price to Sales ratio for PETS stock in the period of the last 12 months amounting to 2.43. The Price to Book ratio for the last quarter was 5.30, with the Price to Cash per share for the same quarter was set at 5.16. Price to Free Cash Flow for PETS in the course of the last twelve months was 53.29 with Quick ratio for the last quarter at 4.20.
PETS stock trade performance evaluation
PetMed Express Inc. [PETS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.34. With this latest performance, PETS shares dropped by -5.37% in over the last four-week period, additionally plugging by 3.18% over the last 6 months – not to mention a rise of 35.60% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PETS stock in for the last two-week period is set at 53.54, with the RSI for the last a single of trading hit 55.18, and the three-weeks RSI is set at 53.22 for PetMed Express Inc. [PETS]. The present Moving Average for the last 50 days of trading for this stock 34.52, while it was recorded at 34.88 for the last single week of trading, and 33.15 for the last 200 days.
PetMed Express Inc. [PETS]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and PetMed Express Inc. [PETS] shares currently have an operating margin of +10.90 and a Gross Margin at +27.80. PetMed Express Inc.’s Net Margin is presently recorded at +9.10.
Return on Total Capital for PETS is now 23.41, given the latest momentum, and Return on Invested Capital for the company is 19.53. Return on Equity for this stock inclined to 19.53, with Return on Assets sitting at 16.65.
Reflecting on the efficiency of the workforce at the company, PetMed Express Inc. [PETS] managed to generate an average of $120,799 per employee. Receivables Turnover for the company is 89.00 with a Total Asset Turnover recorded at a value of 1.83.PetMed Express Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.20 and a Current Ratio set at 5.20.
Earnings per share (EPS) analysis for PetMed Express Inc. [PETS] stock
With the latest financial reports released by the company, PetMed Express Inc. posted 0.35/share EPS, while the average EPS was predicted by analysts to be reported at 0.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 20.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PETS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PetMed Express Inc. go to 11.04%.
PetMed Express Inc. [PETS]: Insider Ownership positions
There are presently around $665 million, or 94.10% of PETS stock, in the hands of institutional investors. The top three institutional holders of PETS stocks are: BLACKROCK INC. with ownership of 3,131,671, which is approximately 4.007% of the company’s market cap and around 3.30% of the total institutional ownership; VANGUARD GROUP INC, holding 1,569,843 shares of the stock with an approximate value of $57.58 million in PETS stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $46.15 million in PETS stock with ownership of nearly -18.023% of the company’s market capitalization.
Positions in PetMed Express Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 92 institutional holders increased their position in PetMed Express Inc. [NASDAQ:PETS] by around 2,293,942 shares. Additionally, 110 investors decreased positions by around 2,838,337 shares, while 36 investors held positions by with 12,997,856 shares. The mentioned changes placed institutional holdings at 18,130,135 shares, according to the latest SEC report filing. PETS stock had 43 new institutional investments in for a total of 709,487 shares, while 29 institutional investors sold positions of 861,603 shares during the same period.