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

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $2.96.

Several research firms have recently commented on WOOF. Robert W. Baird reduced their price target on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Thursday, March 14th. Evercore ISI reduced their price target on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a report on Friday, March 15th. UBS Group reduced their price target on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Wednesday, March 20th. Needham & Company LLC reiterated a “buy” rating and set a $5.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, March 13th. Finally, Royal Bank of Canada reduced their price objective on shares of Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating for the company in a research note on Friday, March 15th.

Petco Health and Wellness Trading Up 5.6 %

Shares of WOOF opened at $1.69 on Thursday. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $10.76. The company has a 50-day moving average of $1.98 and a 200 day moving average of $2.70. The firm has a market capitalization of $519.45 million, a price-to-earnings ratio of -0.35 and a beta of 1.27. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.24.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Petco Health and Wellness had a negative net margin of 20.47% and a negative return on equity of 2.20%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the business posted $0.17 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts expect that Petco Health and Wellness will post -0.23 EPS for the current year.

Institutional Trading of Petco Health and Wellness

Several large investors have recently bought and sold shares of the stock. Bleakley Financial Group LLC grew its position in Petco Health and Wellness by 6.3% during the 1st quarter. Bleakley Financial Group LLC now owns 499,191 shares of the company’s stock worth $1,138,000 after purchasing an additional 29,516 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Petco Health and Wellness by 113.9% in the 1st quarter. ProShare Advisors LLC now owns 862,637 shares of the company’s stock valued at $1,967,000 after acquiring an additional 459,257 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Petco Health and Wellness in the 1st quarter valued at $588,000. Headlands Technologies LLC purchased a new stake in shares of Petco Health and Wellness in the 1st quarter valued at $30,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Petco Health and Wellness in the 1st quarter valued at $1,260,000.

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.