Petco Health and Wellness (NASDAQ:WOOF) Downgraded by Wall Street Zen to “Hold”

Petco Health and Wellness (NASDAQ:WOOF) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

WOOF has been the topic of a number of other reports. The Goldman Sachs Group lowered shares of Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price objective on the stock. in a report on Monday, April 13th. UBS Group boosted their price objective on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a report on Monday, March 16th. Citigroup dropped their price objective on shares of Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating on the stock in a report on Thursday, June 4th. 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 report on Thursday, March 12th. Finally, Zacks Research lowered shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.89.

Petco Health and Wellness Price Performance

Shares of WOOF opened at $2.75 on Friday. The firm has a market capitalization of $885.91 million, a PE ratio of 137.57, a price-to-earnings-growth ratio of 3.28 and a beta of 1.53. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.85 and a quick ratio of 0.29. Petco Health and Wellness has a 1-year low of $2.24 and a 1-year high of $4.51. The company’s fifty day moving average price is $2.80 and its 200-day moving average price is $2.83.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings data on Wednesday, March 11th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Petco Health and Wellness had a net margin of 0.09% and a return on equity of 1.36%. Petco Health and Wellness’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) earnings per share. On average, equities research analysts predict that Petco Health and Wellness will post 0.09 EPS for the current year.

Institutional Investors Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WOOF. Dimensional Fund Advisors LP raised its position in shares of Petco Health and Wellness by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 10,111,061 shares of the company’s stock worth $28,107,000 after acquiring an additional 655,567 shares during the period. Vanguard Group Inc. raised its position in shares of Petco Health and Wellness by 8.0% in the third quarter. Vanguard Group Inc. now owns 8,416,496 shares of the company’s stock worth $32,572,000 after acquiring an additional 621,026 shares during the period. Holocene Advisors LP raised its position in shares of Petco Health and Wellness by 42.0% in the third quarter. Holocene Advisors LP now owns 6,091,656 shares of the company’s stock worth $23,575,000 after acquiring an additional 1,800,583 shares during the period. Nuveen LLC raised its position in shares of Petco Health and Wellness by 81.9% in the fourth quarter. Nuveen LLC now owns 3,998,724 shares of the company’s stock worth $11,236,000 after acquiring an additional 1,800,860 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of 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 acquiring an additional 1,367,299 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.