Petco Health and Wellness (NASDAQ:WOOF – Get Rating) issued an update on its FY23 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.97-1.00 for the period, compared to the consensus EPS estimate of $0.99. The company issued revenue guidance of $6.15-6.25 billion, compared to the consensus revenue estimate of $6.19 billion.Petco Health and Wellness also updated its FY 2022 guidance to $0.97-$1.00 EPS.
Several equities analysts have commented on the stock. StockNews.com started coverage on shares of Petco Health and Wellness in a research report on Thursday, March 31st. They set a buy rating on the stock. Zacks Investment Research cut shares of Petco Health and Wellness from a buy rating to a hold rating in a research report on Tuesday, February 8th. Citigroup decreased their price target on shares of Petco Health and Wellness from $28.00 to $26.00 in a research note on Friday, May 13th. Wedbush increased their price objective on shares of Petco Health and Wellness from $23.00 to $25.00 and gave the company an outperform rating in a research note on Tuesday, March 29th. Finally, Morgan Stanley initiated coverage on shares of Petco Health and Wellness in a research report on Monday, May 16th. They set an equal weight rating and a $21.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $24.33.
Shares of WOOF stock opened at $14.60 on Tuesday. The business’s 50 day moving average is $19.88 and its two-hundred day moving average is $19.67. The company has a market capitalization of $3.32 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 0.38 and a beta of 1.04. Petco Health and Wellness has a twelve month low of $14.38 and a twelve month high of $28.73. The company has a current ratio of 1.02, a quick ratio of 0.38 and a debt-to-equity ratio of 0.73.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp bought a new stake in Petco Health and Wellness in the first quarter valued at $128,843,000. Bank of New York Mellon Corp grew its stake in Petco Health and Wellness by 422.9% in the first quarter. Bank of New York Mellon Corp now owns 1,451,917 shares of the company’s stock valued at $28,416,000 after purchasing an additional 1,174,228 shares in the last quarter. BlackRock Inc. lifted its holdings in Petco Health and Wellness by 46.1% during the 4th quarter. BlackRock Inc. now owns 3,642,989 shares of the company’s stock worth $72,095,000 after purchasing an additional 1,148,949 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Petco Health and Wellness by 19.8% in the 1st quarter. Clearbridge Investments LLC now owns 4,432,694 shares of the company’s stock valued at $86,748,000 after acquiring an additional 733,842 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Petco Health and Wellness by 38.6% during the 4th quarter. Millennium Management LLC now owns 1,002,062 shares of the company’s stock worth $19,831,000 after buying an additional 279,030 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.
Petco Health and Wellness Company Profile (Get Rating)
Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. 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.
- Get a free copy of the StockNews.com research report on Petco Health and Wellness (WOOF)
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