More from Dividend.com
Referenced Stocks

Barclays Gets a Bit More Bullish on PetSmart Ahead of Earnings (PETM)

By Dividend.com,  May 16, 2012, 01:57:17 PM EDT

Pet products retailer PetSmart, Inc. ( PETM ) on Wednesday caught some positive commentary from analysts at Barclays Capital.

The firm said maintained its "Equalweight" rating on PETM as well as its $60 price target, which suggests only a small upside to the stock's Tuesday closing price of $57.63.

A Barclays analyst commented, "We estimate 1Q EPS of $0.75, vs. $0.61 Last Year, above the high end of management's $0.72-$0.74 guidance and compared to the Street estimate of $0.73. Recall, we raised our 1Q and full year EPS estimates last month following our upbeat meetings with management…We estimate comps of +4.5%, on top of a strong +5.0% LY, which is at the high end of guidance for low to mid single-digit comps."

The analyst cited several positive factors for the company, including warm weather than has boosted certain product sales, limited competition online, and better operating efficiencies.

PetSmart shares posted modest gains in afternoon trading Wednesday.

The Bottom Line
Shares of PetSmart ( PETM ) have a .99% dividend yield, based on last night's closing stock price of $57.63. The stock has technical support in the $53-$55 price area. The shares are trading near all-time highs.

PetSmart, Inc. ( PETM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: PETM



Latest News Video

Private Wealth Revives, Managers Face Higher Costs
Private Wealth Revives, Managers Fa...
Private Island on the Thames: $11.7 Million
Private Island on the Thames: $11.7...
Take Control Of Your Wealth
Take Control Of Your Wealth         
How to Avoid Getting Caught Pre-Defection
How to Avoid Getting Caught Pre-Def...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
S $ 7.095 0.23  3.07%
PFE $ 29.53 0.13  0.44%
MU $ 13.885 0.14  0.98%
BAC $ 13.245 0.03  0.19%
NWSAV $ 15.88 unch
BBRY $ 14.27 0.57  3.84%
NOK $ 3.838 0.02  0.57%
GE $ 24.22 0.11  0.45%