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PetMed Express (PETS - Free Report) was the Bull of the Day back on July 7 and then again on December 19. Following the recent earnings, it is again the Bull of the Day.
Description
PetMed Express is a pet pharmacy in the United States. The company markets prescription and non-prescription pet medications, health products, and supplies for dogs and cats to retail customers. PetMed Express was founded in 1996 and is headquartered in Delray Beach, Florida.
The stock is a Zacks Rank #1 (Strong Buy) because earnings estimates have moved higher. The Zacks Consensus Estimate for 2018 has moved from $1.61 to $1.70. over the last sixty days.
The Zacks Consensus Estimate for 2019 also increased over the same time period. The number moved from $1.67 to $1.94.
Short Interest
There is a huge short interest in this stock. That means that investors believe that the stock will move lower and they have borrowed shares, sold them and hope to buy them back lower. Thing is, the short is not working. The site ShortSqueeze.com shows that the float is 27% short... and that is a huge amount of shorts.
As fundamentals continue to improve, the shorts are more likely to cover their bets and take a loss. This is could be a classic short squeeze.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Bull Of The Day: PetMed Express (PETS)
PetMed Express (PETS - Free Report) was the Bull of the Day back on July 7 and then again on December 19. Following the recent earnings, it is again the Bull of the Day.
Description
PetMed Express is a pet pharmacy in the United States. The company markets prescription and non-prescription pet medications, health products, and supplies for dogs and cats to retail customers. PetMed Express was founded in 1996 and is headquartered in Delray Beach, Florida.
Previous Videos
Back on September 7, I filmed this video which focuses on Aggressive Growth stocks. You can access the video on this page (https://www.zacks.com/stock/news/275015/petmed-express-and-crox-are-aggressive-growth-rank-buys) and also hear about CROX as well.
I should note that I made it my Top Stock Pick of the Week (https://www.zacks.com/stock/news/291540/top-stock-picks-for-the-week-of-february-5th) so be sure to watch that video too!
Estimates
The stock is a Zacks Rank #1 (Strong Buy) because earnings estimates have moved higher. The Zacks Consensus Estimate for 2018 has moved from $1.61 to $1.70. over the last sixty days.
The Zacks Consensus Estimate for 2019 also increased over the same time period. The number moved from $1.67 to $1.94.
Short Interest
There is a huge short interest in this stock. That means that investors believe that the stock will move lower and they have borrowed shares, sold them and hope to buy them back lower. Thing is, the short is not working. The site ShortSqueeze.com shows that the float is 27% short... and that is a huge amount of shorts.
As fundamentals continue to improve, the shorts are more likely to cover their bets and take a loss. This is could be a classic short squeeze.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>