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Pet Valu Holdings Ltd T.PET

Alternate Symbol(s):  PTVLF

Pet Valu Holdings Ltd. is a Canadian specialty retailer of pet food and pet-related supplies. The Company has over 800 corporate-owned or franchised locations across the country. Through its neighborhood stores and digital platform, the Company offers more than 9,000 competitively priced products, including an assortment of premium, super premium and holistic brands. Its family of stores consists of Pet Valu, Bosley’s by Pet Valu, Total Pet and Tisol Pet Nutrition & Supply. Its product categories include puppy essentials, dog food, dog treats, dog toys, dog collars, leashes & harnesses, dog carriers & travel, kitten essentials, cat food, cat litter & litter boxes, cat bowls & feeding, small pet food, treats & hay and aquariums, kits & tanks. Its brands include Performatrin Ultra, ACANA, Royal Canin, ORIJEN, Go! Solutions, Performatrin Prime, Hill's Science Diet, Big Country Raw, Open Farm and Stella & Chewy’s, Purina Proplan, Purina Pro Plan, and Weruva.


TSX:PET - Post by User

Post by retiredcfon Jul 11, 2022 7:40am
113 Views
Post# 34814529

Stifel

StifelStifel analyst Martin Landry found “resilience” within the Powersports industry, suggesting BRP Inc.  is poised to benefit.

“Our survey results within the powersports industry continue to impress with 22 per cent of Canadians likely or highly likely to purchase or upgrade a powersport vehicle over the next 12 months, which is mostly unchanged vs our last two surveys,” he said. “This suggests continued resilience within the industry and is aligned with recent scanner data from CDK Global Data made exclusively available by Powersports Business. According to CDK’s scanner data, retail sales volumes for powersports vehicles at U.S dealerships are sustained in May 2022 and up 40 per cent vs pre-pandemic levels. These results strengthen our thesis that BRP’s TTM [trailing 12-month] earnings, despite being extremely strong, are sustainable in the near-term.”

He kept a “buy” rating and $145 target for BRP shares, above the $131.88 consensus.

Mr. Landry also found encouraging brand awareness for Guru Organic Energy Corp. (“buy” and $11 target), Pet Value Holdings Ltd. (, “buy” and $42) and Spin Master Corp. (“buy” and $64). 

“According to our survey, aided brand awareness for GURU increased by 200bps outside of Quebec compared to our Q4/21 survey, suggesting that the company’s early marketing efforts in the rest of Canada are starting to get traction,” he said. “GURU continues to over-index with younger demographics and with females, both appealing groups. With regard to Pet Valu, the company’s newly acquired Chico network shows good brand awareness in Quebec at 24 per cent, despite being a relatively new chain. Finally, brand awareness for three of Spin Master’s licensed properties is strong with Paw Patrol at 70 per cent, Monster Jam at 42 per cent and Kinetic Sands at 40 per cent.”

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