EAM Investors LLC Invests $3.96 Million in PetMed Express, Inc. (PETS) Stock
EAM Investors LLC purchased a new position in PetMed Express, Inc. (NASDAQ:PETS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 97,536 shares of the company’s stock, valued at approximately $3,960,000. PetMed Express comprises 0.7% of EAM Investors LLC’s investment portfolio, making the stock its 25th largest position. EAM Investors LLC owned about 0.48% of PetMed Express as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of PETS. Acrospire Investment Management LLC acquired a new stake in PetMed Express in the 2nd quarter worth $110,000. Pinebridge Investments L.P. grew its position in PetMed Express by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,704 shares of the company’s stock worth $110,000 after purchasing an additional 27 shares during the last quarter. Westside Investment Management Inc. grew its position in PetMed Express by 15.8% in the 1st quarter. Westside Investment Management Inc. now owns 5,502 shares of the company’s stock worth $114,000 after purchasing an additional 752 shares during the last quarter. State of Alaska Department of Revenue grew its position in PetMed Express by 76.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,028 shares of the company’s stock worth $163,000 after purchasing an additional 1,748 shares during the last quarter. Finally, Arizona State Retirement System grew its position in PetMed Express by 0.9% in the 1st quarter. Arizona State Retirement System now owns 10,667 shares of the company’s stock worth $215,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 78.91% of the company’s stock.
Several analysts have issued reports on the stock. Northcoast Research upgraded shares of PetMed Express from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Monday, July 24th. Noble Financial restated a “hold” rating on shares of PetMed Express in a research report on Wednesday, July 26th. Craig Hallum restated a “hold” rating and issued a $40.00 price target (down from $43.00) on shares of PetMed Express in a research report on Monday, August 21st. They noted that the move was a valuation call. BidaskClub lowered shares of PetMed Express from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Sidoti upgraded shares of PetMed Express from a “neutral” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Thursday, August 24th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.75.
Shares of PetMed Express, Inc. (NASDAQ PETS) traded down 1.45% during mid-day trading on Friday, hitting $35.33. 736,497 shares of the stock traded hands. The company’s 50 day moving average is $40.97 and its 200 day moving average is $33.60. PetMed Express, Inc. has a one year low of $18.90 and a one year high of $50.90. The firm has a market capitalization of $716.92 million, a P/E ratio of 27.18 and a beta of 1.03.
PetMed Express (NASDAQ:PETS) last issued its quarterly earnings data on Monday, July 24th. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.07. PetMed Express had a net margin of 10.34% and a return on equity of 28.67%. The company had revenue of $79.66 million for the quarter, compared to analyst estimates of $77.32 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts expect that PetMed Express, Inc. will post $1.44 EPS for the current fiscal year.
In related news, Director Robert C. Schweitzer sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $49.18, for a total transaction of $122,950.00. Following the transaction, the director now directly owns 88,834 shares of the company’s stock, valued at $4,368,856.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Bruce S. Rosenbloom sold 6,833 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $50.18, for a total transaction of $342,879.94. Following the transaction, the chief financial officer now directly owns 18,534 shares in the company, valued at $930,036.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,333 shares of company stock worth $949,730. 4.00% of the stock is owned by insiders.
About PetMed Express
PetMed Express, Inc (PetMed Express), doing business as 1800PetMeds, is a pet pharmacy. The Company markets prescription and non-prescription pet medications, and other health products for dogs and cats, direct to the consumer. It offers a selection of products for dogs and cats. Its product line contains approximately 3,000 stock keeping units (SKUS) of pet medications, health products and supplies.
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