Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Free Report) stock hit a new 52-week low during trading on Wednesday. The stock traded at a low price of $1.73 and was most recently traded at $1.77, with trading volume of 778,983 shares. The stock previously closed at $1.89.
Analyst upgrades and downgrades
Several equity analysts have recently taken note of WOOF stock. Royal Bank of Canada lowered their target price on Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating on the stock in a research report on Friday, March 15th. did. Wells Fargo & Company lowered their target price on Petco Health & Wellness from $3.00 to $2.00 and set an “equal weight” rating on the company in a research note on Monday, March 25th. UBS Group lowered their target price on shares of Petco Health & Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 20th. Evercore ISI lowered their target price on shares of Petco Health & Wellness from $4.00 to $3.00 and set an “inline” rating for the company in a research report on Friday, March 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $5.00 price objective on shares of Petco Health & Wellness in a research note on Wednesday, March 13th. One investment analyst has rated the stock as a “sell,” nine have rated it a “hold,” and four have rated it a “buy.” According to MarketBeat, Petco Health & Wellness has an average rating of “Hold” and an average price target of $3.65.
Check out the latest stock report for WOOF
Petco Health & Wellness Price Performance
The company has a market capitalization of $569.68 million, a P/E ratio of -0.39, and a beta of 1.15. The company’s current ratio is 0.86 times, quick ratio is 0.24 times, and debt-to-equity ratio is 1.33 times. The company’s 50-day moving average price is $2.34 and its 200-day moving average price is $2.97.
Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) last released its quarterly earnings data on Wednesday, March 13th. The company reported earnings of $0.02 per share for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $1.67 billion in the quarter, compared to analyst estimates of $1.63 billion. Petco Health and Wellness had a net profit margin of 20.47% and a return on equity of 2.20%. The business’s revenue increased by 6.1% compared to the same period last year. The business’ earnings per share in the same period last year was $0.17. Analysts, on average, expect Petco Health and Wellness Company to post -0.23 earnings per share for the current quarter.
Inflow and outflow of institutions
Large investors have recently changed their ownership percentages in the business. MacKenzie Financial Corp. bought a new stake in Petco Health and Wellness during the 1st quarter valued at approximately $128,843,000. Millennium Management LLC grew its stake in Petco Health and Wellness by 2,109.0% in the 4th quarter. Millennium Management LLC now owns 4,305,037 shares of the company’s stock valued at $40,812,000 after purchasing an additional 4,110,147 shares during the period. First Trust Advisors LP grew its stake in Petco Health and Wellness by 261.4% in the 4th quarter. First Trust Advisors LP now owns 3,368,047 shares of the company’s stock valued at $10,643,000 after purchasing an additional 2,436,018 shares during the period. Norges Bank purchased a new position in shares of Petco Health and Wellness during the 4th quarter valued at $21,521,000. Finally, AQR Capital Management LLC increased its holdings in shares of Petco Health and Wellness by 73.4% during the 3rd quarter. AQR Capital Management LLC now owns 5,225,206 shares of the company’s stock valued at $21,084,000 after purchasing an additional 2,210,988 shares during the period.
Petco Health and Wellness Company Profile
(Get Free Report)
Petco Health and Wellness Company, Inc operates as a health and wellness company focused on improving the lives of pets, pet parents, and Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care services through Vetco Mobile His Clinics, in addition to veterinary care, grooming, training, telemedicine, vital care and pet health insurance services.
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