Deutsche Bank Cuts PT on PetSmart (PETM), Notes Slowing Comps

Article Related Articles (4) Stock Quotes (1) Comments (0)

Deutsche Bank today maintained a Hold rating on PetSmart (NASDAQ: PETM) and lowered its price target to $64.00 (from $69.00).

"PETM's comps of 4.6% this quarter is undoubtedly very strong and would be the envy of many retailers. But, it is down from 210 bps last quarter and in fact the lowest growth since 1Q10," noted analysts.

This slowdown could lead to compression given the stock's premium multiple, added DB.

For an analyst ratings summary and ratings history on PetSmart (NASDAQ: PETM) click here. For more ratings news on PetSmart click here.

Shares of PetSmart closed at $66.55 yesterday, with a 52 week range of $54.20-$72.75.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
• Janney Capital Trims Numbers on Buckle (BKE), Margins Peaking
• Hewlett-Packard (HPQ) Q2 Performance Wins Praise on Wall Street; Jefferies Raises to Hold

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Deutsche Bank

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?