Petco Health and Wellness (WOOF) Stock Price, News & Analysis

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Petco Health and Wellness in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WOOF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WOOF, but not buy additional shares or sell existing shares.
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13 analysts have issued twelve-month target prices for Petco Health and Wellness' stock. Their WOOF share price targets range from $1.50 to $10.00. On average, they anticipate the company's share price to reach $3.65 in the next twelve months. This suggests a possible upside of 119.9% from the stock's current price.
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Petco Health and Wellness' stock was trading at $3.16 at the beginning of the year. Since then, WOOF stock has decreased by 47.5% and is now trading at $1.66.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
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Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) released its quarterly earnings results on Wednesday, March, 13th. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.63 billion. Petco Health and Wellness had a negative net margin of 20.47% and a negative trailing twelve-month return on equity of 2.20%. Petco Health and Wellness's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share.

ProShares Pet Care ETF holds 832,885 shares of WOOF stock, representing 2.14% of its portfolio.

Petco Health and Wellness updated its first quarter 2024 earnings guidance on Wednesday, March, 13th. The company provided earnings per share (EPS) guidance of -0.060--0.060 for the period, compared to the consensus EPS estimate of -0.010. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.6 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Petco Health and Wellness investors own include IDEXX Laboratories (IDXX), Altaba (AABA), Bank of America (BAC), Broadcom (AVGO), General Electric (GE), Nucor (NUE), Twitter (TWTR), Salesforce (CRM), NXP Semiconductors (NXPI).

Petco Health and Wellness (WOOF) raised $744 million in an IPO on Thursday, January 14th 2021. The company issued 48,000,000 shares at a price of $14.00-$17.00 per share. Goldman Sachs and BofA Securities acted as the underwriters for the IPO and Citigroup, Evercore ISI, Credit Suisse, UBS Investment Bank, Wells Fargo Securities, Baird, Guggenheim Securities, AmeriVet Securities, C.L. King & Associates, R. Seelaus & Co. LLC, Ramirez & Co. Inc. and Siebert Williams Shank were co-managers.

Petco Health and Wellness' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Norden Group LLC (0.04%) and InTrack Investment Management Inc (0.01%). Insiders that own company stock include Aggregator Lp Scooby, Brian Larose, Canada Pension Plan Investment, Gary S Briggs, Justin Tichy and Ron Coughlin.
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Shares of WOOF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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