Cardinal Capital Management buys $715,192 stake in Petmed Express Inc (PETS)

Petmed Express Inc (PETS) : Cardinal Capital Management scooped up 2,748 additional shares in Petmed Express Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 39,448 shares of Petmed Express Inc which is valued at $715,192.Petmed Express Inc makes up approximately 0.29% of Cardinal Capital Management’s portfolio.

Petmed Express Inc closed down -0.15 points or -0.82% at $18.23 with 1,75,390 shares getting traded on Wednesday. Post opening the session at $18.31, the shares hit an intraday low of $18.1 and an intraday high of $18.48 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Transamerica Financial Advisors reduced its stake in PETS by selling 3,879 shares or 12.44% in the most recent quarter. The Hedge Fund company now holds 27,312 shares of PETS which is valued at $495,167. Petmed Express Inc makes up approx 0.04% of Transamerica Financial Advisors’s portfolio.First Citizens Bank Trust Co reduced its stake in PETS by selling 27,281 shares or 42.6% in the most recent quarter. The Hedge Fund company now holds 36,755 shares of PETS which is valued at $666,368. Petmed Express Inc makes up approx 0.05% of First Citizens Bank Trust Co’s portfolio.Blue Fin Capital reduced its stake in PETS by selling 1,745 shares or 12.03% in the most recent quarter. The Hedge Fund company now holds 12,755 shares of PETS which is valued at $227,677. Petmed Express Inc makes up approx 0.19% of Blue Fin Capital’s portfolio. Eqis Capital Management added PETS to its portfolio by purchasing 10,910 company shares during the most recent quarter which is valued at $190,598. Petmed Express Inc makes up approx 0.01% of Eqis Capital Management’s portfolio.Creative Planning boosted its stake in PETS in the latest quarter, The investment management firm added 1,336 additional shares and now holds a total of 3,910 shares of Petmed Express Inc which is valued at $68,308.

On the company’s financial health, Petmed Express Inc reported $0.24 EPS for the quarter, based on the information available during the earnings call on Jan 25, 2016. Analyst had a consensus estimate of $0.24. The company had revenue of $50.90 million for the quarter, compared to analysts expectations of $49.28 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Petmed Express Inc. Petmed Express Inc was Initiated by Credit Suisse to “Underperform” on Feb 4, 2016.

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. The Company offers a selection of products for dogs and cats. The Company’s product line contains approximately 3000 stock keeping units (SKUS) of pet medications health products and supplies. These products include brands of medication such as Frontline Plus K9 Advantix II Advantage II Heartgard Plus Sentinel Revolution and Rimadyl. It also offers for sale additional pet supplies on its Website which are drop shipped to its customers by third party vendors. These pet supplies include food beds crates stairs strollers and other pet supplies. The Company’s products included Non-Prescription Medications (Over the Counter (OTC)) and supplies and Prescription Medications (Rx).

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