Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives Consensus Rating of “Hold” from Brokerages

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $3.9580.

Several brokerages have recently weighed in on WOOF. Guggenheim reaffirmed a “neutral” rating on shares of Petco Health and Wellness in a research note on Tuesday, September 2nd. Robert W. Baird increased their target price on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. UBS Group lifted their price target on shares of Petco Health and Wellness from $3.25 to $3.70 and gave the company a “neutral” rating in a research note on Friday, August 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $4.00 price target on shares of Petco Health and Wellness in a research report on Wednesday, September 3rd. Finally, Wall Street Zen upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday, October 4th.

Petco Health and Wellness Stock Performance

WOOF opened at $3.06 on Friday. The company has a market capitalization of $973.23 million, a price-to-earnings ratio of -305.69 and a beta of 1.71. The business’s 50-day moving average price is $3.36 and its two-hundred day moving average price is $3.29. Petco Health and Wellness has a 1 year low of $2.28 and a 1 year high of $6.29. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.91 and a quick ratio of 0.35.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Petco Health and Wellness had a positive return on equity of 0.46% and a negative net margin of 0.04%.The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the company earned ($0.02) earnings per share. Petco Health and Wellness’s quarterly revenue was down 3.1% on a year-over-year basis. Equities analysts expect that Petco Health and Wellness will post -0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Petco Health and Wellness news, CRO Patrick J. Venezia sold 74,192 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $3.08, for a total transaction of $228,511.36. Following the sale, the executive directly owned 474,848 shares of the company’s stock, valued at approximately $1,462,531.84. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Financial Management Professionals Inc. bought a new position in shares of Petco Health and Wellness during the third quarter worth approximately $26,000. Brookwood Investment Group LLC acquired a new position in Petco Health and Wellness in the 2nd quarter valued at $28,000. Focus Partners Advisor Solutions LLC bought a new position in Petco Health and Wellness during the 1st quarter worth $31,000. Concurrent Investment Advisors LLC bought a new position in Petco Health and Wellness during the 2nd quarter worth $31,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Petco Health and Wellness by 747.9% during the second quarter. Caitong International Asset Management Co. Ltd now owns 11,090 shares of the company’s stock worth $31,000 after buying an additional 9,782 shares in the last quarter.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.