Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Free Report) fell 5.6% during Friday trading. The company has traded as low as $1.75 and was last traded at $1.76. Approximately 1,027,548 shares traded hands on the stock during the day, representing a decrease of 75% from the average daily trading volume of 4,063,844 shares. The stock previously closed at $1.86.
Analyst upgrades and downgrades
Several analysts have recently published reports on the company. UBS Group lowered their target price on Petco Health & Wellness from $3.00 to $2.50 and set a “neutral” rating on the company in a research note on Wednesday, March 20th. Royal Bank of Canada lowered their target price on Petco Health & Wellness from $3.50 to $2.70 and gave the company an “outperform” rating in a research note on Friday, March 15th. Wells Fargo & Company lowered their target price on Petco Health & Wellness from $3.00 to $2.00 and gave the company an “equal weight” rating in a research note on Monday, March 25th. Robert W. Baird lowered their target price on Petco Health & Wellness from $3.00 to $2.50 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Finally, Bank of America reiterated an “underperform” rating and set a price objective on shares of Petco Health & Wellness at $1.50 (down from $5.00) in a research note on Tuesday, April 2nd. Set. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $3.65, based on data from MarketBeat.
See the latest analysis for Petco Health & Wellness.
Petco Health & Wellness Stock Performance
The company’s 50-day simple moving average is $2.33 and its 200-day simple moving average is $2.95. 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 stock has a market capitalization of $526.8 million, a price-to-earnings ratio of -0.36 and a beta of 1.15.
Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.63 billion. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The company’s revenue for the quarter increased 6.1% year over year. During the same period last year, the company’s EPS was $0.17. As a group, sell-side analysts expect that Petco Health & Wellness Company will post -0.23 earnings per share for the current fiscal year.
Hedge funds impact Petco’s health and wellness
Several large investors have recently added to or reduced their stakes in WOOF. Mackenzie Financial Corp acquired a new position in Petco Health and Wellness during the 1st quarter valued at approximately $128,843,000. Millennium Management LLC increased his holdings in shares of 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 in the last quarter. First Trust Advisors LP increased its holdings in shares of 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 worth $10,643,000 after purchasing an additional 2,436,018 shares in the last quarter. Norges Bank acquired a new position in shares of Petco Health and Wellness during the 4th quarter valued at approximately $21,521,000. Finally, AQR Capital Management LLC increased its stake in shares of Petco Health and Wellness by 73.4% in 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 in the last quarter.
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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