Uniplan Investment Counsel Inc. reduced its stake in Petmed Express Inc (NASDAQ:PETS) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 228,072 shares of the company’s stock after selling 8,283 shares during the period. Uniplan Investment Counsel Inc. owned 1.10% of Petmed Express worth $5,304,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Capital Investment Advisory Services LLC acquired a new position in Petmed Express in the fourth quarter valued at approximately $26,000. Quantamental Technologies LLC acquired a new position in Petmed Express in the fourth quarter valued at approximately $71,000. Oregon Public Employees Retirement Fund acquired a new position in Petmed Express in the fourth quarter valued at approximately $183,000. First Hawaiian Bank acquired a new position in Petmed Express in the fourth quarter valued at approximately $193,000. Finally, Gabelli Funds LLC acquired a new position in Petmed Express in the fourth quarter valued at approximately $228,000. Institutional investors own 95.04% of the company’s stock.
A number of equities research analysts have recently weighed in on PETS shares. BidaskClub cut Petmed Express from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. ValuEngine cut Petmed Express from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Craig Hallum cut their price target on Petmed Express from $25.00 to $18.00 and set a “sell” rating on the stock in a report on Wednesday, January 23rd. Finally, TheStreet cut Petmed Express from a “b” rating to a “c+” rating in a report on Thursday, November 29th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Petmed Express currently has a consensus rating of “Sell” and a consensus target price of $28.00.
Petmed Express (NASDAQ:PETS) last released its quarterly earnings results on Tuesday, January 22nd. The company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.10). The business had revenue of $60.10 million for the quarter, compared to the consensus estimate of $64.22 million. Petmed Express had a net margin of 14.43% and a return on equity of 32.89%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Monday, February 4th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, February 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.10%.
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Petmed Express Profile
PetMed Express, Inc and its subsidiaries, doing business as 1-800-PetMeds, operates as a pet pharmacy in the United States. It markets prescription and non-prescription pet medications, and other health products for dogs and cats directly to the consumers. The company offers non-prescription medications and supplies, including flea and tick control products, bone and joint care products, vitamins, treats, nutritional supplements, hygiene products, and supplies; and prescription medications, such as heartworm preventative, flea and tick preventative, arthritis, thyroid, diabetes, pain, heart/blood pressure, and other specialty medications, as well as generic substitutes.
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