Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives Average Rating of “Hold” from Analysts

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $4.0980.

WOOF has been the topic of several research analyst reports. Evercore lowered their target price on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Monday, December 29th. Citigroup boosted their price target on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, March 16th. UBS Group increased their price objective on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a report on Monday, March 16th. Finally, Jefferies Financial Group upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating and raised their price objective for the company from $4.05 to $5.00 in a research report on Thursday, March 12th.

Hedge Funds Weigh In On Petco Health and Wellness

Several institutional investors have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in shares of Petco Health and Wellness during the 3rd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd lifted its position in Petco Health and Wellness by 425.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock worth $30,000 after buying an additional 8,519 shares during the last quarter. Abel Hall LLC bought a new stake in Petco Health and Wellness in the fourth quarter worth $31,000. Cibc World Market Inc. purchased a new position in Petco Health and Wellness during the fourth quarter worth $32,000. Finally, Quantbot Technologies LP purchased a new position in Petco Health and Wellness during the third quarter worth $34,000.

Petco Health and Wellness Stock Down 6.4%

Shares of WOOF opened at $2.92 on Friday. The business’s 50 day moving average is $2.74 and its 200 day moving average is $3.09. The company has a current ratio of 0.90, a quick ratio of 0.38 and a debt-to-equity ratio of 1.28. Petco Health and Wellness has a 12-month low of $2.24 and a 12-month high of $4.51. The company has a market capitalization of $931.60 million, a PE ratio of 97.33 and a beta of 1.75.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings results on Wednesday, March 11th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). Petco Health and Wellness had a return on equity of 0.89% and a net margin of 0.15%.The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company earned ($0.05) earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Research analysts expect that Petco Health and Wellness will post -0.22 earnings per share for the current fiscal year.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.