NEW YORK (TheStreet) -- Shares of PetSmart Inc. (PETM) are down -1.84% to $59.84 in late trading on Monday after ITG Research said its analysis indicates the retailer's sales have slowed and long-term same-store-sales trends may remain under pressure given increased competition.
ITG notes PetSmart's heaviest users are shifting away and becoming members of Amazon's (AMZN) Prime service at a faster rate than medium/light users.
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Separately, TheStreet Ratings team rates PETSMART INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate PETSMART INC (PETM) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins."