PetSmart (PETM) Bonds Trading 2% Higher

An issue of PetSmart, Inc. (NASDAQ:PETM) debt rose 2% as a percentage of its face value during trading on Monday. The high-yield debt issue has a 8.875% coupon and is set to mature on June 1, 2025. The debt is now trading at $65.00 and was trading at $65.00 one week ago. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its stock price.

PetSmart, Inc. (NASDAQ:PETM) remained flat at $$82.98 during trading hours on Monday. PetSmart, Inc. has a 12 month low of $55.00 and a 12 month high of $83.49. The company has a market capitalization of $8,250.00, a price-to-earnings ratio of 19.48 and a beta of 0.54.

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About PetSmart

PetSmart, Inc is a United States-based company, which is a pet retailer of services and solutions for the needs of pets. The Company provides a range of pet food and pet products. The Company offers dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp day care services and pet adoption services in-store.

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