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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $3.9580.

A number of equities analysts have weighed in on WOOF shares. Evercore ISI upped their target price on Petco Health and Wellness from $3.00 to $4.00 and gave the stock an “in-line” rating in a research note on Wednesday, November 26th. Zacks Research cut shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Wall Street Zen upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Petco Health and Wellness in a research note on Monday, December 29th.

Insider Transactions at Petco Health and Wellness

In related news, CRO Patrick J. Venezia sold 74,192 shares of the 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 transaction, the executive owned 474,848 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Petco Health and Wellness by 9.1% during the 1st quarter. AQR Capital Management LLC now owns 1,274,588 shares of the company’s stock valued at $3,887,000 after purchasing an additional 106,295 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Petco Health and Wellness by 60.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock worth $11,095,000 after buying an additional 1,367,299 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Petco Health and Wellness by 286.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 39,038 shares of the company’s stock worth $120,000 after buying an additional 28,927 shares in the last quarter. HB Wealth Management LLC bought a new position in Petco Health and Wellness during the second quarter valued at approximately $33,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Petco Health and Wellness during the second quarter worth approximately $31,000.

Petco Health and Wellness Stock Up 1.4%

Shares of NASDAQ:WOOF opened at $2.95 on Friday. The firm has a fifty day moving average price of $2.98 and a two-hundred day moving average price of $3.26. The company has a market cap of $941.17 million, a price-to-earnings ratio of -294.71 and a beta of 1.72. 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 has a one year low of $2.28 and a one year high of $4.51.

Petco Health and Wellness (NASDAQ:WOOF) last issued 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. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. Petco Health and Wellness had a positive return on equity of 0.46% and a negative net margin of 0.04%.The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) earnings per share. Analysts anticipate 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.