Barclays Q1 Preview on PetSmart (PETM); Expecting Beat on +4.5% Comps
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Price: $82.98 --0%
Rating Summary:
2 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Equalweight' on PetSmart (NASDAQ: PETM) price target of $60.00.
Analyst, Alan M. Rifkin, said, "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."
Rifkin maintains his rating, but notes SEVERAL positives, including: 1) warmer weather boosting flea/tick product sales; 2) PETM having limited online competition; 3) operating efficiencies; 4) merchandising/product assortment; and 5) dividend
For an analyst ratings summary and ratings history on PetSmart click here. For more ratings news on PetSmart click here.
Shares of PetSmart closed at $57.63 yesterday.
Analyst, Alan M. Rifkin, said, "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."
Rifkin maintains his rating, but notes SEVERAL positives, including: 1) warmer weather boosting flea/tick product sales; 2) PETM having limited online competition; 3) operating efficiencies; 4) merchandising/product assortment; and 5) dividend
For an analyst ratings summary and ratings history on PetSmart click here. For more ratings news on PetSmart click here.
Shares of PetSmart closed at $57.63 yesterday.
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