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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has earned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $3.9580.

WOOF has been the subject of several research reports. Evercore ISI increased their price objective on Petco Health and Wellness from $3.00 to $4.00 and gave the company an “in-line” rating in a report on Wednesday, November 26th. Wall Street Zen upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Zacks Research lowered Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Monday, December 29th.

Petco Health and Wellness Stock Performance

NASDAQ WOOF opened at $2.95 on Friday. Petco Health and Wellness has a 52-week low of $2.28 and a 52-week high of $4.51. The company has a 50-day simple moving average of $2.98 and a 200 day simple moving average of $3.26. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.35 and a current ratio of 0.91. The company has a market capitalization of $941.17 million, a PE ratio of -294.71 and a beta of 1.72.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Tuesday, November 25th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Petco Health and Wellness had a negative net margin of 0.04% and a positive return on equity of 0.46%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the company earned ($0.02) earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, research analysts predict that Petco Health and Wellness will post -0.22 EPS for the current year.

Insider Activity at Petco Health and Wellness

In related news, CRO Patrick J. Venezia sold 74,192 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $3.08, for a total transaction of $228,511.36. Following the sale, the executive directly owned 474,848 shares in the company, valued at approximately $1,462,531.84. This represents a 13.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Management Professionals Inc. bought a new position in shares of Petco Health and Wellness in the third quarter worth $26,000. Brookwood Investment Group LLC bought a new position in Petco Health and Wellness in the 2nd quarter worth about $28,000. Caitong International Asset Management Co. Ltd grew its holdings in Petco Health and Wellness by 747.9% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 11,090 shares of the company’s stock valued at $31,000 after buying an additional 9,782 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Petco Health and Wellness during the second quarter valued at about $31,000. Finally, HB Wealth Management LLC purchased a new stake in shares of Petco Health and Wellness in the second quarter worth about $33,000.

About Petco Health and Wellness

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.