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PetSmart's Got Bark (And the Stock Is No Dog)

PHOENIX (TheStreet) -- A stock that has come up on my growth screener recently is PetSmart (PETM).

Let's refresh the criteria I look for in a stock before it gets my green light. A stock needs these 4 criteria:
  • 1. Increasing Revenue
  • 2. Increasing Earnings
  • 3. Positive price momentum
  • A solid balance sheet

Let's look at price momentum first. During the last month the stock had a big uptick as is evidenced by this hourly trading chart provided by Barchart:

In the last six months, the stock also has outpaced the overall market, which, as measured by the Value Line Index is up 3%, while PetSmart shares recently spiked giving a 22% return for the same period:

PetSmart and its subsidiaries operate as a specialty retail chain for pet products and services in the U.S., Puerto Rico, and Canada. The company offers everything from pet food and treats to health care supplies, grooming, toys and apparel as well as aquariums and habitats for fish, birds, reptiles, and small pets. The company also operates PetsHotels with boarding services for dogs and cats. According to the PetSmart Web site, the company operates 1,232 retail stores and 192 PetsHotels.
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SYM TRADE IT LAST %CHG
PETM $82.98 0.04%
BBBY $65.23 0.00%
COH $31.20 0.00%
LUX $72.22 0.00%
AAPL $121.30 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

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