Petco Health and Wellness (NASDAQ:WOOF) Releases Earnings Results, Misses Expectations By $0.03 EPS

Petco Health and Wellness (NASDAQ:WOOF) posted its quarterly earnings data on Thursday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03), Zacks reports. Petco Health and Wellness had a negative return on equity of 5.40% and a negative net margin of 1.77%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the firm posted ($0.04) EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis.

Petco Health and Wellness Price Performance

WOOF stock opened at $3.62 on Friday. The firm has a market capitalization of $1.14 billion, a PE ratio of -9.05 and a beta of 1.74. The firm has a 50-day moving average of $3.26 and a two-hundred day moving average of $3.45. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. Petco Health and Wellness has a one year low of $2.23 and a one year high of $6.29.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Petco Health and Wellness stock. AQR Capital Management LLC raised its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 9.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,274,588 shares of the company’s stock after buying an additional 106,295 shares during the period. AQR Capital Management LLC owned 0.40% of Petco Health and Wellness worth $3,887,000 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WOOF shares. UBS Group dropped their price target on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Royal Bank of Canada dropped their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a report on Thursday, March 27th. The Goldman Sachs Group increased their target price on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the company a “buy” rating in a research note on Thursday, March 27th. Finally, Robert W. Baird decreased their price target on shares of Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.00.

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.