PetSmart (Nasdaq: PETM) closed Wednesday at US$31.30, with indicators the stock could become even more bearish.
So far, the stock has hit a 52-week low of US$19.50 and a 52-week high of US$34.93, and technical indicators show the stock may drop further from its current price. S&P gave PETM a neutral 3 out of 5 star hold rating, and the company's annual dividend yield is currently at 1.26%.
A free stock report for PetSmart is available online.
New shelter data casts doubt on whether the pet population and pet ownership are truly growing.
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.