Petsmart (PETM)

[chmcnfunds]

PetSmart Inc. (PETM): Today's Featured Specialty Retail Laggard

By TheStreet Wire 01/22/14 - 05:01 PM EST

PetSmart (PETM) pushed the Specialty Retail industry lower today making it today's featured Specialty Retail laggard. The industry as a whole closed the day up 0.6%. By the end of trading, PetSmart fell $0.66 (-1.0%) to $63.12 on heavy volume. Throughout the day, 2,034,201 shares of PetSmart exchanged hands as compared to its average daily volume of 1,280,100 shares. The stock ranged in price between $63.06-$64.21 after having opened the day at $64.01 as compared to the previous trading day's close of $63.78. Other companies within the Specialty Retail industry that declined today were: Big 5 Sporting Goods Corporation (BGFV), down 2.6%, XO Group (XOXO), down 2.1%, Perfumania Holdings (PERF), down 2.0% and Titan Machinery (TITN), down 1.7%.

PetSmart, Inc., together with its subsidiaries, operates as a specialty retailer of products, services, and solutions for pets in the United States, Puerto Rico, and Canada. PetSmart has a market cap of $6.7 billion and is part of the services sector. The company has a P/E ratio of 16.2, below the S&P 500 P/E ratio of 17.7. Shares are down 12.3% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate PetSmart a buy, 1 analyst rates it a sell, and 15 rate it a hold.

TheStreet Ratings rates PetSmart as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.
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http://www.thestreet.com/story/12258446/1/petsmart-inc-petm-todays-featured-specialty-retail-laggard.html

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