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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has earned a consensus rating of “Hold” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $3.36.

A number of brokerages have recently weighed in on WOOF. Royal Bank of Canada boosted their price target on Petco Health and Wellness from $2.70 to $3.00 and gave the company an “outperform” rating in a report on Friday, May 24th. Needham & Company LLC reissued a “buy” rating and set a $5.00 target price on shares of Petco Health and Wellness in a report on Thursday, May 23rd. UBS Group lifted their price target on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the company a “neutral” rating in a report on Thursday, May 23rd. Wedbush reiterated an “outperform” rating and set a $5.00 price objective (up previously from $4.00) on shares of Petco Health and Wellness in a research note on Thursday, July 18th. Finally, Citigroup raised their target price on shares of Petco Health and Wellness from $3.00 to $4.00 and gave the stock a “neutral” rating in a report on Friday, July 19th.

Insider Activity at Petco Health and Wellness

In other news, Director Cameron Breitner bought 750,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was purchased at an average cost of $3.14 per share, for a total transaction of $2,355,000.00. Following the completion of the transaction, the director now directly owns 750,000 shares of the company’s stock, valued at approximately $2,355,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Petco Health and Wellness

Hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC increased its stake in Petco Health and Wellness by 205.3% in the 4th quarter. International Assets Investment Management LLC now owns 135,485 shares of the company’s stock worth $428,000 after purchasing an additional 91,110 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Petco Health and Wellness by 130.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,701 shares of the company’s stock worth $84,000 after acquiring an additional 15,111 shares in the last quarter. Counterpoint Mutual Funds LLC raised its holdings in shares of Petco Health and Wellness by 132.1% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 117,745 shares of the company’s stock valued at $372,000 after acquiring an additional 67,007 shares during the period. Jump Financial LLC lifted its position in shares of Petco Health and Wellness by 325.2% in the 4th quarter. Jump Financial LLC now owns 119,193 shares of the company’s stock valued at $377,000 after acquiring an additional 91,164 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Petco Health and Wellness by 32.7% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 107,086 shares of the company’s stock worth $338,000 after purchasing an additional 26,411 shares during the period.

Petco Health and Wellness Stock Up 8.7 %

Shares of NASDAQ:WOOF opened at $2.99 on Friday. The firm has a market cap of $929.23 million, a PE ratio of -0.61 and a beta of 1.89. The company has a fifty day simple moving average of $3.18 and a 200 day simple moving average of $2.68. The company has a current ratio of 0.85, a quick ratio of 0.21 and a debt-to-equity ratio of 1.35. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $5.63.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Wednesday, May 22nd. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.03. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. On average, equities research analysts anticipate that Petco Health and Wellness will post -0.24 EPS for the current fiscal year.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.