PetIQPETQ
Market Cap: $906M
About: PetIQ Inc is a manufacturer and distributor of health and wellness products for dogs and cats. The company offers veterinarian-grade pet Rx medications, OTC flea and tick preventatives, vitamins treats, nutritional supplements, and hygiene products. The group operates in two segments namely the Products and Services segments. It also provides third-party products to retailers which for a long time are available for veterinary clinics only. Its proprietary brands include PetIQ, PetArmor, VIP Petcare, VetIQ PetCare, VetIQ, Capstar, Advecta, SENTRY, Sergeants, TruProfen, Betsy Farms, PetAction, Minties, Vera and Delightibles. The company generates maximum revenue from Products segment.
Employees: 1,933
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
63% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 27
33% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]
28% more call options, than puts
Call options by funds: $1.8M | Put options by funds: $1.4M
23% more capital invested
Capital invested by funds: $509M [Q1] → $628M (+$119M) [Q2]
10% more funds holding
Funds holding: 165 [Q1] → 182 (+17) [Q2]
1.24% more ownership
Funds ownership: 95.2% [Q1] → 96.44% (+1.24%) [Q2]
21% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 62
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Truist Securities Bill Chappell 64% 1-year accuracy 16 / 25 met price target | 1%upside $31 | Hold Downgraded | 8 Aug 2024 |
Financial journalist opinion
Based on 4 articles about PETQ published over the past 30 days