Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Average Recommendation of “Hold” by Analysts

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $3.8580.

Several equities research analysts have recently weighed in on WOOF shares. Zacks Research lowered shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Evercore reduced their price target on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Monday, December 29th.

Insider Buying and Selling

In other Petco Health and Wellness news, CRO Patrick J. Venezia sold 74,192 shares of Petco Health and Wellness stock in a transaction on Monday, December 1st. The stock was sold at an average price of $3.08, for a total value of $228,511.36. Following the completion of the transaction, the executive owned 474,848 shares in the company, valued at approximately $1,462,531.84. The trade was a 13.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.40% of the stock is currently owned by company insiders.

Institutional Trading of Petco Health and Wellness

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC raised its holdings in shares of Petco Health and Wellness by 9.1% in the first quarter. AQR Capital Management LLC now owns 1,274,588 shares of the company’s stock valued at $3,887,000 after buying an additional 106,295 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Petco Health and Wellness by 60.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock worth $11,095,000 after acquiring an additional 1,367,299 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Petco Health and Wellness in the 2nd quarter valued at about $31,000. CWM LLC increased its position in Petco Health and Wellness by 68.5% in the 2nd quarter. CWM LLC now owns 108,292 shares of the company’s stock valued at $306,000 after acquiring an additional 44,005 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Petco Health and Wellness in the second quarter worth about $264,000.

Petco Health and Wellness Trading Up 0.8%

Shares of WOOF opened at $2.53 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.35 and a debt-to-equity ratio of 1.37. The stock has a market cap of $807.17 million, a PE ratio of -252.75 and a beta of 1.72. Petco Health and Wellness has a 1 year low of $2.28 and a 1 year high of $4.51. The stock has a 50 day simple moving average of $2.85 and a 200-day simple moving average of $3.19.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.03 earnings per share for the quarter, beating 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 firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the business posted ($0.02) earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts predict that Petco Health and Wellness will post -0.22 EPS for the current fiscal year.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.