PetSmart Reaches New 52-Week High (PETM)

NEW YORK ( TheStreet) -- PetSmart (Nasdaq: PETM) hit a new 52-week high Friday as it is currently trading at $59.10, above its previous 52-week high of $59.08 with 302,580 shares traded as of 11:15 a.m. ET. Average volume has been 892,300 shares over the past 30 days.

PetSmart has a market cap of $6.31 billion and is part of the services sector and specialty retail industry. Shares are up 13.5% year to date as of the close of trading on Thursday.

PetSmart, Inc., together with its subsidiaries, operates as a specialty retailer of products, services, and solutions for pets in the United States, Puerto Rico, and Canada. The company has a P/E ratio of 22.5, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates PetSmart as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full PetSmart Ratings Report.

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