By Stockerblog.com,
People love their pets and are willing to spend as much on their pets (if not more) as themselves. It doesn’t matter if your pet is a dog, a cat, a bird, a fish, a horse, or a snake. According to the American Pet Products Association, total Unites States pet expenditures this year is expected to be $55.53 billion. This is up from $53.33 in 2012, which was up from $50.96 in 2011.
Investors who are looking for a way to participate in this industry have several dog stocks to pick from and I don’t mean ‘dog’ in a bad way, I mean it in a pet way. According to WallStreetNewsNetwork.com, there are over half a dozen pet related stocks to choose from.
One of the big players in the industry is Petsmart Inc. (PETM), which trades at 18.4 times trailing earnings and 16.3 times forward earnings. The company sells pet supplies at over 1,100 locations. Earning for the latest quarter were up 12% on a 4% rise in revenues. The yield on the stock is 1.1%.
Medical care is a fast growing industry, and medical care for pets is also expanding. PetMed Express Inc. (PETS) is the large online pet pharmacy. The stock hs a trailing price to earnings ratio of 17.3, and a forward PE of 16.4. This is one of the stocks that provides a very generous yield of 4.4%.
One pet stock with a great stock ticker symbol is VCA Antech Inc. (WOOF). The company offers medical and surgical services through its animal hospitals. The company also provides laboratory services for animal hospitals and practices. The stock trades at 49.7 times trailing earnings and 16.4 times forward earnings.
Tags: animal hospitals, pet related stocks, pet spending in the USA, pet stocks, petmed express, PETS, pets - a $55B business, petsmart, VCA Antech