Long Position on PETS @ $31.50 on 4/16/2020 (Momentum)

PetMed Express, Inc. (PETS) and its subsidiaries, doing business as 1-800-PetMeds, operates as a pet pharmacy in the United States.

The company markets prescription and non-prescription pet medications, and other health products for dogs and cats directly to the consumers.

It offers non-prescription medications and supplies, such as flea and tick control products, bone and joint care products, vitamins, treats, nutritional supplements, hygiene products, and supplies; and prescription medications, including heartworm preventative, flea and tick preventative, arthritis, dermatitis, thyroid, diabetes, pain medications, heart/blood pressure, and other specialty medications, as well as generic substitutes.

The company also sells food, beds, crates, stairs, strollers, and other pet supplies. It sells its products through its Internet Website; telephone contact center; and direct mail/print through brochures and postcards. 

PetMed Express reported Quarter December 2019 earnings of $0.34 per share on revenue of $59.9 million.. Revenue fell 0.3% compared to the same quarter a year ago.

The stock has an earnings report on May 4th.

Please note, the company has a dividend yield of 1.08 (3.43%), which is one of the better yields in the retail space.

The online pet pharmacy service should continue to see a steady increase in business as more consumers turn to online retailers for their pets' medication.

Entry point: $31.50

52-week trade range: $15.00 - $31.93

Stop/Loss: $29.93

Target Price: $34.65

Updates

4/27/2020 10:02:16 AM

PETS closed at $35.77

Position closed on 4/27/2020 at price of $35.77 with a 13.56% gain in 11 days.

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