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PetMed Express, Inc. (PETS) Rating Lowered to Hold at Zacks Investment Research

The firm has a market capitalization of $672.68 million, a price-to-earnings ratio of 25.50 and a beta of 1.03. It markets a line of headphones, wireless Bluetooth headphones, wireless Bluetooth speakers, computer headsets, telecommunications headsets, active noise canceling headphones, and compact disc recordings of American Symphony Orchestras on the Koss Classics label. PetMed Express, Inc. (NASDAQ:PETS)'s short interest is 6.85 million shares, or 38.53% of the float. PETS's profit would be $6.18M giving it 27.63 P/E if the $0.30 EPS is correct. The company's sales went up 9.9% on a YOY basis. on consensus, experts anticipate that PetMed Express to post $1.45 EPS for the full year.

The Stock now has a consensus recommendation of 2.40. 951,012 shares of the stock traded hands. It has outperformed by 74.76% the S&P500.

Minerva Advisors Llc holds 0.17% of its portfolio in Koss Corporation for 169,209 shares. Bank Of America Corp De owns 19,500 shares or 0% of their U.S. portfolio. Following the sale, the director now directly owns 83,834 shares in the company, valued at approximately $4,074,332.40. The New York-based Davidson Kempner Capital Management Lp has invested 25.32% in the stock. The company had a trading volume of 736,497 shares. It has underperformed by 32.65% the S&P500.

Since May 1, 2017, it had 0 insider purchases, and 5 sales for $1.68 million activity. When there are more buyers than sellers, the stock price will rise because of the increased demand. Insider ownership increased by a total of 21167 shares, which suggests that PETS's key executives are feeling more optimistic about the outlook for the stock.

PetMed Express, Inc (PetMed Express), doing business as 1800PetMeds, is a pet pharmacy. English Frank E. Jr. sold 400 shares worth $33,732. Its up 0.23, from 1.51 in 2017Q1. PetMed Express, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Schweitzer Robert C has sold 2,500 shares of PetMed Express, Inc. Sold All: 15 Reduced: 44 Increased: 42 New Position: 45.

In case of Revenue Estimates, 5 analysts have provided their consensus Average Revenue Estimates for PetMed Express, Inc.as 63.36 Million.

PetMed Express (NASDAQ:PETS) last posted its earnings results on Monday, July 24th. Kentucky-based Teachers Retirement System Of The State Of Kentucky has invested 0% in Petmed Express Inc (NASDAQ:PETS). Financial Bank Of Nova Scotia invested in 0% or 19,237 shares. Hartford Investment Mgmt has 21,371 shares for 0.04% of their portfolio.

Reynolds American Inc.is a holding company. Citigroup Inc reported 6,872 shares. Acrospire Investment Management LLC acquired a new stake in PetMed Express in the 2nd quarter worth about $110,000. Eam Ltd Liability Corp has 97,536 shares. Pinebridge Invests L P invested 0% in Petmed Express Inc (NASDAQ:PETS). Personal Capital Advsr stated it has 0.05% of its portfolio in Petmed Express Inc (NASDAQ:PETS). Next Financial Group, Inc augmented its position by buying 1,166 shares an increase of 5.6% from 03/31/2017 to 06/30/2017. Therefore 75% are positive. State Common Retirement Fund has invested 0% in Petmed Express Inc (NASDAQ:PETS). The firm has "Hold" rating given on Wednesday, July 26 by Noble Financial. Northcoast Research upgraded shares of PetMed Express from a "neutral" rating to a "buy" rating and set a $54.00 target price for the company in a research note on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Craig Hallum reissued a "hold" recommendation and given a $40.00 price objective (down prior from $43.00) on stocks of PetMed Express in a study note on early Mon, Aug 21st. As per Thursday, February 4, the company rating was initiated by Credit Suisse. These pet supplies include food, beds, crates, stairs, strollers and other pet supplies.

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