Petco Health and Wellness (NASDAQ:WOOF) Trading Up 6.4% – What’s Next?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s share price was up 6.4% during trading on Wednesday . The stock traded as high as $2.85 and last traded at $2.8950. Approximately 206,881 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 2,320,406 shares. The stock had previously closed at $2.72.

Analyst Ratings Changes

Several equities research analysts have commented on WOOF shares. The Goldman Sachs Group downgraded Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 target price on the stock. in a report on Monday, April 13th. Jefferies Financial Group raised Petco Health and Wellness from a “hold” rating to a “buy” rating and boosted their target price for the stock from $4.05 to $5.00 in a report on Thursday, March 12th. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research downgraded Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Citigroup lowered their price target on Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating on the stock in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $3.89.

Petco Health and Wellness Stock Performance

The stock has a market capitalization of $939.07 million, a P/E ratio of 146.82, a P/E/G ratio of 4.04 and a beta of 1.53. The company has a quick ratio of 0.29, a current ratio of 0.85 and a debt-to-equity ratio of 1.27. The business has a fifty day moving average price of $2.79 and a 200-day moving average price of $2.83.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings results on Wednesday, March 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Petco Health and Wellness had a net margin of 0.09% and a return on equity of 1.36%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period 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. On average, sell-side analysts expect that Petco Health and Wellness Company, Inc. will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its holdings 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 valued at $30,000 after acquiring an additional 8,519 shares during the period. Abel Hall LLC bought a new position in Petco Health and Wellness in the fourth quarter valued at about $31,000. Cibc World Market Inc. bought a new position in Petco Health and Wellness in the fourth quarter valued at about $32,000. HB Wealth Management LLC bought a new position in Petco Health and Wellness in the first quarter valued at about $34,000. Finally, Quantbot Technologies LP bought a new position in Petco Health and Wellness in the third quarter valued at about $34,000.

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.