As reported by MarketBeat, shares of Petco Health & Wellness Company (NASDAQ:WOOF – Get Free Report ) have received a consensus rating of “Hold” from the 13 brokerages covering the company. One equity research analyst has rated the stock with a sell recommendation, eight have given it a hold recommendation, and four have rated it with a buy recommendation. The average 12-month target price among brokerages that have issued reports on the company’s stock in the past year is $3.09.
A number of stock analysts have recently commented on the company. Evercore ISI lowered their price target on Petco Health & Wellness from $4.00 to $3.00 and gave the company an “in-line” rating in a research report on Friday, March 15th. Wells Fargo & Company lowered their price target on Petco Health & Wellness from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Monday, March 25th. Needham & Company LLC reiterated a “buy” rating and a $5.00 price target on shares of Petco Health & Wellness in a research report on Thursday, May 23rd. Citigroup lowered their price target on Petco Health & Wellness from $2.85 to $1.75 and set a “neutral” rating on the company in a research report on Tuesday, May 7th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $4.00 price target on shares of Petco Health & Wellness in a research report on Wednesday, May 29th.
Get the latest Petco health and wellness research reports
Petco Health & Wellness Stock Performance
NASDAQ:WOOF opened trading at $3.86 on Monday. The stock’s 50-day simple moving average is $2.11 and its 200-day simple moving average is $2.60. Petco Health and Wellness’s 52-week low is $1.41 and its 52-week high is $9.74. The company’s debt-to-equity ratio is 1.35, quick ratio is 0.21 and current ratio is 0.85. The company has a market capitalization of $1.19 billion, a P/E ratio of -0.78 and a beta of 1.27.
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 of $0.02, hitting analysts’ consensus estimates of $0.02. The company’s quarterly revenue was $1.67 billion, beating analysts’ estimates of $1.63 billion. Petco Health and Wellness had a return on equity of -4.22% and a net margin of -21.27%. The company’s quarterly revenue grew 6.1% year-over-year. In the same period last year, the company reported earnings per share of $0.17. Analysts expect Petco Health and Wellness to post an EPS of -0.24 for the current fiscal year.
Insider trading
In related news, 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 $2,355,000.00. Following the transaction, the director now owns 750,000 shares of the company’s stock, valued at $2,355,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . 0.61% of the shares are owned by insiders.
Petco Health and Wellness Institutional Trading
Several hedge funds and other institutional investors recently bought and sold shares of WOOF. AQR Capital Management LLC increased its holdings in shares of Petco Health and Wellness by 73.4% during the third quarter. AQR Capital Management LLC now holds 5,225,206 shares of the company’s stock, valued at $21,084,000, after purchasing an additional 2,210,988 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Petco Health and Wellness in the third quarter, valued at $1,574,000. Vanguard Group Inc. increased its holdings in shares of Petco Health and Wellness by 3.0% during the third quarter. Vanguard Group Inc. now holds 7,717,125 shares of the company’s stock, valued at $31,563,000, after purchasing an additional 227,704 shares in the last quarter. Graham Capital Management LP acquired a new stake in Petco Health & Wellness in the third quarter worth $436,000. Finally, FMR LLC increased its holdings in Petco Health & Wellness by 216.2% in the third quarter. FMR LLC now owns 604,446 shares of the company’s stock, valued at $2,472,000, after purchasing an additional 413,295 shares in the last 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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