Analysts Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) PT at $3.88

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been given a consensus recommendation of “Hold” by the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $3.8850.

Several brokerages recently issued reports on WOOF. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Petco Health and Wellness in a research report on Thursday, June 11th. The Goldman Sachs Group lowered Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price target for the company. in a research report on Monday, April 13th. Citigroup dropped their price objective on Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Zacks Research lowered shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th.

Insiders Place Their Bets

In related news, insider Holly May sold 200,000 shares of the business’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $2.54, for a total transaction of $508,000.00. Following the transaction, the insider directly owned 1,327,867 shares in the company, valued at approximately $3,372,782.18. The trade was a 13.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 450,000 shares of company stock worth $1,145,500 in the last 90 days. 6.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Petco Health and Wellness

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of Petco Health and Wellness by 6.7% in the 1st quarter. Bank of America Corp DE now owns 269,589 shares of the company’s stock worth $749,000 after buying an additional 16,825 shares during the last quarter. Amundi bought a new position in shares of Petco Health and Wellness in the first quarter valued at approximately $54,000. Renaissance Technologies LLC purchased a new stake in shares of Petco Health and Wellness during the first quarter valued at approximately $1,455,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Petco Health and Wellness during the first quarter valued at approximately $527,000. Finally, Sei Investments Co. lifted its holdings in Petco Health and Wellness by 36.3% during the first quarter. Sei Investments Co. now owns 149,391 shares of the company’s stock worth $415,000 after acquiring an additional 39,762 shares during the period.

Petco Health and Wellness Price Performance

WOOF stock opened at $2.71 on Friday. The company has a market capitalization of $876.31 million, a P/E ratio of 135.57, a price-to-earnings-growth ratio of 3.09 and a beta of 1.54. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.29 and a current ratio of 0.85. Petco Health and Wellness has a 52-week low of $2.24 and a 52-week high of $4.51. The business has a 50-day simple moving average of $2.69 and a two-hundred day simple moving average of $2.75.

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.