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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been assigned an average recommendation of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $4.0367.

A number of equities research analysts have recently weighed in on WOOF shares. Citigroup lifted their price objective on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Monday, March 16th. UBS Group raised their price target on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, March 16th. Zacks Research cut shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Jefferies Financial Group raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and boosted their price objective for the company from $4.05 to $5.00 in a research report on Thursday, March 12th. Finally, Wall Street Zen upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday, May 9th.

Petco Health and Wellness Trading Up 3.1%

NASDAQ:WOOF opened at $3.02 on Friday. The firm has a market capitalization of $972.89 million, a P/E ratio of 100.67, a P/E/G ratio of 3.80 and a beta of 1.53. The company has a quick ratio of 0.38, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The company has a fifty day moving average of $2.79 and a 200 day moving average of $2.83. Petco Health and Wellness has a 52 week low of $2.24 and a 52 week high of $4.51.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. Petco Health and Wellness had a net margin of 0.15% and a return on equity of 0.89%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the company posted ($0.05) earnings per share. On average, research analysts predict that Petco Health and Wellness will post 0.07 earnings per share for the current year.

Institutional Trading of Petco Health and Wellness

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in Petco Health and Wellness by 6.7% during the 1st quarter. Bank of America Corp DE now owns 269,589 shares of the company’s stock valued at $749,000 after acquiring an additional 16,825 shares in the last quarter. Amundi bought a new position in shares of Petco Health and Wellness in the 1st quarter worth approximately $54,000. Renaissance Technologies LLC bought a new position in shares of Petco Health and Wellness in the 1st quarter worth approximately $1,455,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Petco Health and Wellness in the 1st quarter valued at approximately $527,000. Finally, Sei Investments Co. lifted its stake in shares of Petco Health and Wellness by 36.3% in the 1st quarter. Sei Investments Co. now owns 149,391 shares of the company’s stock valued at $415,000 after purchasing an additional 39,762 shares during the period.

About Petco Health and Wellness

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.