Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Free Report) shares rose 4.5% in midday trading on Friday. The company’s shares traded as high as $3.55 and closed at $3.49. 1,946,879 shares were traded in midday trading, down 59% from the average trading volume of 4,769,320 shares. The stock’s previous closing price was $3.34.
Wall Street analysts predict growth
Several analysts have offered their opinions on the stock. Needham & Company LLC reaffirmed their “buy” rating on shares of Petco Health & Wellness and set a $5.00 price target on the stock in a research note on Thursday, May 23rd. Wells Fargo & Company lowered their price target on shares of 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. Evercore ISI lowered their price target on shares of Petco Health & Wellness from $4.00 to $3.00 and set an “in-line” rating on the company in a research note on Friday, March 15th. Wedbush reaffirmed an “outperform” rating on shares of Petco Health & Wellness and set a $4.00 price target on the stock in a research note on Wednesday, May 29th. Finally, Citigroup cut their price target on shares of Petco Health & Wellness from $2.85 to $1.75 and gave the company a “neutral” rating in a research note on Tuesday, May 7. One equities research 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. According to MarketBeat.com, the stock currently has an average rating of a “hold” with an average target price of $3.09.
Read the latest stock analysis for WOOF
Petco Health & Wellness Stock Performance
The company’s fifty day moving average is $2.82 and its two-hundred day moving average is $2.62.The company has a quick ratio of 0.21, a current ratio of 0.85 and a debt-to-equity ratio of 1.35.
Petco Health and Wellness (NASDAQ:WOOF – get free report ) released its latest earnings report on Wednesday, May 22nd. The company reported quarterly earnings per share of ($0.09), beating the consensus estimate of ($0.12) by $0.03. The company’s quarterly revenue was $1.53 billion, beating analyst expectations of $1.5 billion. Petco Health and Wellness had a net margin of -21.27% and a return on equity of -4.22%. Analysts expect Petco Health and Wellness Company, Inc. to post earnings per share of -$0.24 for the current fiscal year.
Insider Selling at Petco Health & Wellness
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 purchased at an average price of $3.14 per share, for a total transaction value of $2,355,000.00. Following the completion of the purchase, the director now directly owns 750,000 shares of the company’s stock, valued at approximately $2,355,000. The purchase was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by insiders.
Hedge Fund Gets Into Petco Health and Wellness
Several hedge funds have recently added to or reduced their holdings of the stock. AQR Capital Management LLC increased its holdings in Petco Health and Wellness by 73.4% in the third quarter. AQR Capital Management LLC now holds 5,225,206 shares of the company’s stock, valued at $21,084,000. It acquired 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 approximately $1,574,000. Vanguard Group Inc. increased its holdings in Petco Health and Wellness by 3.0% in the third quarter. Vanguard Group Inc. now holds 7,717,125 shares of the company’s stock, valued at $31,563,000. It acquired an additional 227,704 shares in the last quarter. Graham Capital Management LP bought a new stake in Petco Health & Wellness in the third quarter worth about $436,000. Finally, FMR LLC increased its stake 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 acquiring an additional 413,295 shares in the last quarter.
About Petco Health and Wellness
(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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