PetSmart

Deutsche Bank is adjusting its PetSmart, Inc. (NASDAQ: PETM) FY10 and FY11 estimates to $1.97 and $2.25 from $1.96 and $2.29. “On our new estimates, PETM is trading at 19.2x and 16.9x FY10 and FY11, compared to the hardline averages of 16.2x and 14.0x,” Deutsche Bank writes. “Our price target is $...

Goldman Sachs has increased its price target and EPS estimates on PetSmart (NASDAQ: PETM)due to PETM's positive outlook. In a note to clients, Goldman Sachs writes, "EPS of $0.38 vs. $0.31 a year ago beat our $0.37, and met consensus, but were aided by a lower tax rate to the tune of 1.5c; EBIT...

PetSmart, Inc.'s (NASDAQ: PETM) journey to become a better merchant (and drive hardgoods sales) is making tangible progress as the hardgoods resets of 2009 finally get traction and the company continues to introduce new products, J.P. Morgan reports. “Recall starting in late 2008, PETM began...

Shares of PetSmart, Inc. (NASDAQ: PETM) were up 8% in afternoon trading and reached a 52-week high of $30.25 today, a day after the company released a positive earnings report. PetSmart's stock price received further boosts when Credit Suisse raised the company's price target from $29 to $35 and...