Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Free Report ) surged in pre-market trading on Thursday following insider buying activity. The stock opened at $3.59 after previously closing at $3.13. Petco Health and Wellness stock last traded at $3.51 with trading volume of 1,661,415 shares.
Specifically, Director Cameron Breitner purchased 750,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average price of $3.14 per share, for a total value of $2,355,000. Following the completion of the purchase, the director now owns 750,000 shares of the company’s stock, valued at $2,355,000. The purchase was disclosed in a document filed with the SEC, which is available on the SEC’s website. 0.61% of the stock is currently owned by insiders.
Wall Street analysts predict growth
A number of brokerages have recently issued reports on WOOF. Royal Bank of Canada increased their price target on Petco Health & Wellness from $2.70 to $3.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Citigroup lowered their price target on Petco Health & Wellness from $2.85 to $1.75 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. UBS Group raised their price target on Petco Health & Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a report on Thursday, May 23rd. Wedbush rerated their price target on Petco Health & Wellness to $4.00 and issued an “outperform” rating in a report on Wednesday. Finally, Bank of America reaffirmed an “underperform” rating and set a $1.50 (down from $5.00) price target on shares of Petco Health and Wellness in a report on Tuesday, April 2. One investment analyst has rated the stock with a sell rating, nine have rated it with a hold rating, and four have rated it with a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “hold” with a consensus price target of $3.09.
Read our latest analysis on Petco Health & Wellness
Petco Health & Wellness Price Performance
The company has a debt ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.21. The company has a market capitalization of $1.21 billion, a P/E ratio of -0.80 and a beta of 1.27. The company’s 50-day moving average is $2.08 and its 200-day moving average is $2.61.
Petco Health and Wellness (NASDAQ:WOOF – get free report ) last released its quarterly earnings data on Wednesday, March 13th. The company reported quarterly earnings per share (EPS) of $0.02, in line with analysts’ consensus estimates of $0.02. Petco Health and Wellness had a net margin of -21.27% and a return on equity of -4.22%. The company’s quarterly revenue was $1.67 billion, beating the consensus estimate of $1.63 billion. Year-over-year earnings per share were $0.17. The company’s quarterly revenue grew 6.1% year-over-year. Analysts expect Petco Health and Wellness Company, Inc. to post -0.23 EPS for the current fiscal year.
Institutional investor inflows and outflows
Institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC bought about $30,000 worth of shares in Petco Health and Wellness in the first quarter. Norden Group LLC bought $31,000 worth of shares in Petco Health and Wellness in the first quarter. Everhart Financial Group Inc. bought $41,000 worth of shares in Petco Health and Wellness in the fourth quarter. FNY Investment Advisers LLC bought $44,000 worth of shares in Petco Health and Wellness in the fourth quarter. Finally, HB Wealth Management LLC bought $49,000 worth of shares in Petco Health and Wellness in the first quarter.
Petco Health & Wellness Company Profile
(Get your free report)
Petco Health and Wellness Company, Inc. operates as a health and wellness company focused on improving the lives of pets, pet owners and Petco partners in the United States, Mexico and Puerto Rico. The company offers veterinary care, grooming, training, telemedicine, vital care and pet health insurance services, as well as veterinary services through the Vetco Mobile Clinic.
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