Petco Health & Wellness Company (NASDAQ:WOOF – Get Free Report ) shares rose 8.1% during midday trading on Wednesday. The company’s shares traded as high as $3.93 and closed at $3.86. Approximately 470,442 shares were traded during trading, down 90% from the average daily trading volume of 4,686,208 shares. The stock closed the previous day at $3.57.
Analyst upgrades and downgrades
Several research analysts have issued reports on WOOF stock. Royal Bank of Canada increased their price target on Petco Health and Wellness from $2.70 to $3.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. UBS Group raised their price target on Petco Health and Wellness from $2.50 to $3.25 and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Wells Fargo & Company lowered their price target on Petco Health and Wellness from $3.00 to $2.00 and gave the stock an “equal weight” rating in a research note on Monday, March 25th. Evercore ISI lowered their price target on Petco Health and Wellness from $4.00 to $3.00 and gave the stock an “in-line” rating in a research note on Friday, March 15. Finally, Bank of America reaffirmed an “underperform” rating and set a price target of $1.50 (down from the previous $5.00) on shares of Petco Health and Wellness in a research note on Tuesday, April 2. 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 data, Petco Health and Wellness currently has a consensus rating of “hold” and an average price target of $3.09.
Get the latest research report on WOOF
Petco Health & Wellness shares rose 0.3%.
The company has a current ratio of 0.85, a quick ratio of 0.21 and a debt-to-equity ratio of 1.35.The stock has a market capitalization of $1.1 billion, a P/E ratio of -0.73 and a beta of 1.91.The company’s 50-day moving average price is $2.39 and its 200-day moving average price is $2.60.
Petco Health and Wellness (NASDAQ:WOOF – Get free report ) released its quarterly earnings report on Wednesday, March 13th. The company reported quarterly earnings per share (EPS) of $0.02, hitting analysts’ consensus estimates of $0.02. The company’s quarterly revenue was $1.67 billion, beating the consensus estimate of $1.63 billion. Petco Health and Wellness had an ROE of -4.22% and a net margin of -21.27%. Petco Health and Wellness’ revenue grew 6.1% year-over-year. During the same period last year, the company earned $0.17 earnings per share. On average, equities analysts expect Petco Health and Wellness Company, Inc. to post EPS of -$0.24 for the current quarter.
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 purchased at an average price of $3.14 per share, for a total transaction value of $2,355,000. Following the completion of the transaction, the director now directly owns 750,000 shares of the company’s stock, valued at $2,355,000. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this link. 2.40% of the shares are owned by company insiders.
Petco Health and Wellness Institutional Transaction
Institutional investors and hedge funds have recently made changes to their positions in the business. 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 during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Petco Health and Wellness for $1,574,000 in the third quarter. 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 during the quarter. Graham Capital Management LP bought 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 during the period.
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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