PetMed (PET) Focuses On Advertising To Boost New Order Sales

By Zacks Investment ResearchStock MarketsFeb 26, 2018 09:48PM ET

www.investing.com/analysis/petmed-pet-focuses-on-advertising-to-boost-new-order-sales-200294707

PetMed (PET) Focuses On Advertising To Boost New Order Sales

By Zacks Investment Research | Feb 26, 2018 09:48PM ET

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On Feb 26, we issued an updated research report on PetMed Express, Inc. (NASDAQ:PETS) . The stock carries a Zacks Rank #1 (Strong Buy). The company is striving to implement several strategies to revitalize its top line. These include increased focus on advertising efficiency to boost new order sales and shifting sales to higher margin items, while also expanding the product line.

After several quarters of a drag in new order sales, we are impressed with PetMed’s improved performance last fiscal. The current year has demonstrated bullish momentum so far. PetMed is also working on improving the effectiveness of its campaigns. It has been quite successful in driving its sales via the Internet.

PetMed offers a wide range of products for dogs, cats and horses. We believe with the improvement in economic conditions, PetMed’s wide range of products will help drive growth in the coming quarters.

However, with an aim to increase the recognition of its brand names, PetMed markets its products through national advertising campaigns. Under this procedure, the company has been incurring huge expenses related to advertising campaigns in recent times. Hence, escalating advertising expenses exert pressure on the bottom line. Also, a tough competitive landscape is a major concern.

Stock Performance & Estimate Revision

Over the last year, PetMed has outperformed its industry. The company has gained 123.9% compared with 65.9% of the industry.

Also, the estimate revision trend for the current year is favorable with one estimate moving north over the last two months, compared with no movement in the opposite direction. Earnings estimates moved up 6.7% to $1.76.

Other Key Picks

Other top-ranked stocks in the broader medical sector are PerkinElmer (NYSE:PKI) , Bio-Rad Laboratories (NYSE:BIO) and Becton, Dickinson and Company (NYSE:BDX) .

Bio-Rad Laboratories has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The company has a long-term expected earnings growth rate of 25%.

PerkinElmer has a long-term expected earnings growth rate of 12.3%. The stock carries a Zacks Rank #2.

Becton, Dickinson and Company is a Zacks #2 Ranked player. The company has a long-term expected earnings growth rate of 13.3%.

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Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp (NYSE:FMC). and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

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PetMed Express, Inc. (PETS): Free Stock Analysis Report

PerkinElmer, Inc. (PKI): Free Stock Analysis Report

Bio-Rad Laboratories, Inc. (BIO): Free Stock Analysis Report

Becton, Dickinson and Company (BDX): Free Stock Analysis Report

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Zacks Investment Research

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PetMed (PET) Focuses On Advertising To Boost New Order Sales

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