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

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $3.8580.

Several analysts recently issued reports on WOOF shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Monday, December 29th. Evercore reduced their price objective on Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a research note on Tuesday, February 3rd. Finally, Zacks Research downgraded Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th.

Petco Health and Wellness Stock Up 0.8%

Shares of NASDAQ:WOOF opened at $2.53 on Wednesday. Petco Health and Wellness has a 12-month low of $2.28 and a 12-month high of $4.51. The stock’s 50-day moving average price is $2.85 and its two-hundred day moving average price is $3.19. The firm has a market cap of $807.17 million, a price-to-earnings ratio of -252.75 and a beta of 1.72. The company has a current ratio of 0.91, a quick ratio of 0.35 and a debt-to-equity ratio of 1.37.

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

Insider Transactions at Petco Health and Wellness

In related news, CRO Patrick J. Venezia sold 74,192 shares of the business’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 transaction, the executive directly owned 474,848 shares of the company’s stock, valued at approximately $1,462,531.84. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Petco Health and Wellness

Several hedge funds have recently modified their holdings of WOOF. AQR Capital Management LLC boosted its stake in Petco Health and Wellness by 9.1% during the first quarter. AQR Capital Management LLC now owns 1,274,588 shares of the company’s stock worth $3,887,000 after buying an additional 106,295 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Petco Health and Wellness by 60.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock worth $11,095,000 after acquiring an additional 1,367,299 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of Petco Health and Wellness during the 2nd quarter valued at about $31,000. CWM LLC boosted its position in shares of Petco Health and Wellness by 68.5% during the 2nd quarter. CWM LLC now owns 108,292 shares of the company’s stock valued at $306,000 after acquiring an additional 44,005 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Petco Health and Wellness in the second quarter worth about $264,000.

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.