PetIQ (NASDAQ:PETQ) Hits New 1-Year High at $30.84

PetIQ, Inc. (NASDAQ:PETQ) reached a new 52-week high on Monday . The stock traded as high as $30.84 and last traded at $30.81, with a volume of 41717 shares trading hands. The stock had previously closed at $30.68.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PETQ. Truist Financial downgraded shares of PetIQ from a “buy” rating to a “hold” rating and increased their target price for the stock from $30.00 to $31.00 in a research report on Thursday, August 8th. William Blair downgraded shares of PetIQ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.67.

PetIQ Stock Up 0.1 %

The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.68 and a current ratio of 2.58. The firm has a fifty day simple moving average of $26.80 and a 200-day simple moving average of $21.70. The company has a market capitalization of $919.42 million, a PE ratio of 139.82 and a beta of 1.73.

PetIQ (NASDAQ:PETQ) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.20. The business had revenue of $328.90 million for the quarter, compared to analyst estimates of $330.14 million. PetIQ had a return on equity of 18.75% and a net margin of 1.20%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. Equities research analysts anticipate that PetIQ, Inc. will post 1.12 EPS for the current fiscal year.

Hedge Funds Weigh In On PetIQ

Institutional investors have recently modified their holdings of the company. Swiss National Bank acquired a new position in PetIQ during the 4th quarter valued at about $1,080,000. Teacher Retirement System of Texas acquired a new position in PetIQ during the 4th quarter worth $680,000. Dimensional Fund Advisors LP raised its stake in shares of PetIQ by 13.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,086,625 shares of the company’s stock valued at $21,461,000 after purchasing an additional 132,450 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its position in PetIQ by 24.3% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 41,377 shares of the company’s stock valued at $817,000 after buying an additional 8,083 shares in the last quarter. Finally, Nomura Holdings Inc. increased its stake in PetIQ by 7.1% during the 4th quarter. Nomura Holdings Inc. now owns 423,496 shares of the company’s stock valued at $8,364,000 after buying an additional 28,231 shares during the period. Institutional investors own 94.99% of the company’s stock.

About PetIQ

PetIQ, Inc operates as a pet medication and wellness company in the United States and internationally. It operates in two segments, Products and Services. The company offers Rx pet medications, which sells flea and tick control, heartworm preventatives, arthritis, thyroid, diabetes and pain treatments, antibiotics, and other specialty medications; and develops and manufactures its own proprietary value-branded products, as well as third-party branded products for dogs and cats.