PetSmart, Inc. (NASDAQ:PETM)

CAPS Rating: 5 out of 5

The Company is a provider of products, services and solutions for the lifetime needs of pets.

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Member Avatar Reddog4Sina (43.32) Submitted: 2/5/2015 2:40:19 PM : Underperform Start Price: $82.52 PETM Score: -3.66

Underperforming. Store parking lot is almost empty all the time in upscale area. Think it will go private and reorganize.

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Member Avatar tecramer (< 20) Submitted: 7/8/2014 6:27:59 PM : Outperform Start Price: $68.87 PETM Score: +19.22

I am bullish on PETM, not because Jana Partners and Longview Asset Management are advocating a private sale, which could provide an immediate pop for shareholders, but because I believe in PetSmart's basic business model of combining merchandise, especially high end consumable food products, with services that can’t be delivered by UPS via the Web. A lot of pet products are a race to the bottom (low price and margin), including toys, bowls, beds, some treats, and probably even some medicine like Frontline. I like the strategy of differentiating by offering high end and organic food products that still have a low value to weight ratio and are a regular purchase. Combining that with boarding and day care, veterinary services, and grooming attracts repeat customers. Not only will this model be resistant to on-line disruption, but near impossible for mass merchants (discount and grocery stores) to replicate. I don’t believe that #2 Petco or other chains who “might” replicate the model have added anywhere near the same level of services, thought they do compete in the food area.

On the other side of the coin, the recent management transition has been followed by slowing growth and market under performance. I think the relatively new management will get it right. They are in the process of improving their product mix to increase margins and customer appeal. They have even modified their corporate message to focus more directly on their customers, which aren’t pets, but (often fanatic) pet owners.

Bottom line is that unless management gets too distracted by the current activism, I think that PetSmart has a bright future as either a public or a private company. While a private acquisition might provide value in the short term, I feel that in the long term shareholders will gain more value if PetSmart remains public.

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Member Avatar mstockin (87.82) Submitted: 4/25/2014 10:14:13 PM : Outperform Start Price: $67.41 PETM Score: +16.58

Outstanding financial position with a very solid F score. Industry leading profit margins and strong EBITDA growth. Fair market value of $70. A safety pick in a turbulent market.

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Member Avatar Piggybank99 (81.15) Submitted: 3/25/2014 7:23:15 PM : Outperform Start Price: $68.66 PETM Score: +14.33

As we are leaving the recession, consumers will be happy to spend more on luxuries such as pets. Petsmart is also getting into personalization of its services, something that is becoming more and more popular recently (think any online interactive service).

*Research from http://risnews.edgl.com/retail-best-practices/PetSmart-Leverages-Analytics-for-Personalized-Experience91783

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Member Avatar RicanMath (57.38) Submitted: 6/18/2013 12:28:06 PM : Outperform Start Price: $67.90 PETM Score: +1.79

Retail specialty market leader that has spurred growth with same store sales versus expansion. Ongoing product mix diversity and entrance into new markets should continue impressive revenue and income streak.

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Member Avatar Hannahsprouddad (< 20) Submitted: 5/23/2013 7:33:29 AM : Outperform Start Price: $56.71 PETM Score: +40.47

I think as discretionary income increases once again that plenty of people will continue to pamper their pets. PetSmart has many different ways to do that.

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Member Avatar Gregory63 (23.48) Submitted: 4/24/2013 3:30:57 PM : Outperform Start Price: $64.64 PETM Score: -0.21

Buying dog food over the internet is not convenient. Now that people aren't losing their houses as often, PETM is more recession-resistant (people will cut back on a lot before they neglect the family dog).

Valuation isn't too high (not quite a value stock), dividend growth is good, growth rate is good, largest pet retailer.

If it goes lower, I will buy more. Long-term play.

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Member Avatar paek813 (99.70) Submitted: 3/7/2013 1:55:06 PM : Outperform Start Price: $62.78 PETM Score: +2.06

PETM reported earnings yesterday - March 6, 2013.
Here's what S&P had to say just one day prior to earnings:

March 5, 2013
04:46 am ET ... S&P REITERATES BUY RECOMMENDATION ON SHARES OF PETSMART (PETM 65.60****):

Ahead of earnings expected March 6, we are keeping our Jan-Q EPS estimate of $1.23 and maintaining our DCF-based target price of $82.

Despite recent stellar results, we think the shares sold off over the past month on increasing fears related to competition from Wag.com (a subsidiary of Amazon.com), and the impact that increased spending on its own e-commerce site will have on profitability.

While we don't discount these concerns, PETM has grown rapidly in recent years despite intensifying competition, and we continue to favor the company's recession-resistant characteristics.

- - Michael Souers (S&P analyst)

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Member Avatar CarlosDK (< 20) Submitted: 2/13/2013 6:17:13 PM : Underperform Start Price: $64.70 PETM Score: +3.09

bearish engulfing

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Member Avatar Rob1711 (< 20) Submitted: 2/8/2013 7:45:10 AM : Outperform Start Price: $64.77 PETM Score: -3.63

PETM will benefit from their continued excellent same store sales and services as well as from a retiring Boomer who has money to spend on their pet(s) as their children have now grown

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Member Avatar scrubs62074 (42.43) Submitted: 1/28/2013 1:01:49 PM : Underperform Start Price: $62.65 PETM Score: +0.45

Much lower on very high volume.

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Member Avatar cookietrader (< 20) Submitted: 12/27/2012 9:40:37 PM : Outperform Start Price: $66.53 PETM Score: -16.95

People are spending crazy money on pets and PETM is in the sweet spot

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Member Avatar adamlevy (83.84) Submitted: 11/10/2012 7:56:30 PM : Outperform Start Price: $64.93 PETM Score: -15.96

In the face of increased competition from the likes of Amazon and Wal-Mart the company continues to grow faster than the pet products and services segment of retail.

SSS was 7% last quarter, and I expect similar numbers this quarter. Margins continue to improve as the company focuses on high-end premium products for pet owners. The company has a competitive advantage in its pet services segment over non-specialty stores like Wal-Mart and Costco, and especially online retailers like Amazon.

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Member Avatar schoenyman (< 20) Submitted: 9/19/2012 6:01:46 PM : Outperform Start Price: $67.50 PETM Score: -13.51

How can you not profit from a company that provides goodies for one of the most loved members of the family for which no expense will be spared. It's not just an animal anymore! The same as Buffet's HD, when he said you can't miss on a company where the customer tattooes it's name on their forhead.

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Member Avatar FundamentalsMan (68.25) Submitted: 8/24/2012 4:03:27 PM : Outperform Start Price: $69.41 PETM Score: -20.86

People love their pets and Petsmart is successfully marketing high end products to animal lovers. They are dominating the pet services industry and have a cheap valuation for their earnings and growth.

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Member Avatar dgilber1 (58.31) Submitted: 6/18/2012 11:46:04 AM : Outperform Start Price: $56.71 PETM Score: +40.47

PetSmart, inc seems to be making some smart decisions. The company posted a better-han-expected quarterly profit and raised its full-year outlook. PetSmart has announced an 18% increase to its quarterly dividend and a new $525 Million share purchase authorization.

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Member Avatar bethanye (59.17) Submitted: 5/26/2012 5:27:59 PM : Outperform Start Price: $62.28 PETM Score: -16.39

In good times and even more in bad times, we love and spoil our pets. With fewer people having families, I think people feel the void with pets.

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Member Avatar campwt00global (32.86) Submitted: 5/23/2012 2:12:42 PM : Underperform Start Price: $60.64 PETM Score: +15.57

run its course.

http://online.barrons.com/article/SB50001424053111903964304577422280562632676.html?mod=BOL_hpp_highlight_top

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Member Avatar TMFmd19 (90.77) Submitted: 5/21/2012 7:12:33 AM : Outperform Start Price: $55.65 PETM Score: -3.96

Play on the the growth in pet related spending coming out of the recession. They have been growing very nicely and should continue to do so.

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Member Avatar Scalius2000 (41.87) Submitted: 5/15/2012 10:17:06 PM : Outperform Start Price: $56.13 PETM Score: -0.93

When you feel depressed then you need a pet.

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