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 an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given 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 $3.65.

A number of analysts have commented on the stock. Bank of America restated an “underperform” rating and set a $1.50 price target (down from $5.00) on shares of Petco Health and Wellness in a research report on Tuesday, April 2nd. Robert W. Baird dropped their price target on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Royal Bank of Canada dropped their target price on shares of Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating on the stock in a report on Friday, March 15th. Wells Fargo & Company dropped their target price on shares of Petco Health and Wellness from $3.00 to $2.00 and set an “equal weight” rating on the stock in a report on Monday, March 25th. Finally, Jefferies Financial Group started coverage on shares of Petco Health and Wellness in a report on Tuesday, December 19th. They issued a “hold” rating and a $3.11 target price on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WOOF. Advisor Group Holdings Inc. grew its position in Petco Health and Wellness by 71.2% during the first quarter. Advisor Group Holdings Inc. now owns 34,560 shares of the company’s stock valued at $353,000 after purchasing an additional 14,371 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Petco Health and Wellness during the first quarter valued at approximately $349,000. Bank of New York Mellon Corp grew its position in Petco Health and Wellness by 422.9% during the first quarter. Bank of New York Mellon Corp now owns 1,451,917 shares of the company’s stock valued at $28,416,000 after purchasing an additional 1,174,228 shares in the last quarter. Cetera Advisor Networks LLC purchased a new position in Petco Health and Wellness during the first quarter valued at approximately $265,000. Finally, MetLife Investment Management LLC purchased a new position in Petco Health and Wellness during the first quarter valued at approximately $25,000.

Petco Health and Wellness Trading Down 7.5 %

Petco Health and Wellness stock opened at $1.72 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average price of $2.33 and a two-hundred day moving average price of $2.95. The firm has a market capitalization of $526.80 million, a price-to-earnings ratio of -0.36 and a beta of 1.15. Petco Health and Wellness has a 52-week low of $1.72 and a 52-week high of $10.76.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates 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 company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm earned $0.17 EPS. Petco Health and Wellness’s revenue was up 6.1% on a year-over-year basis. Sell-side analysts expect that Petco Health and Wellness will post -0.23 earnings per share for the current year.

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.