Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) PT at $3.96

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $3.9580.

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

Petco Health and Wellness Stock Up 1.4%

Petco Health and Wellness stock opened at $2.85 on Tuesday. The firm has a market cap of $909.26 million, a price-to-earnings ratio of -284.72 and a beta of 1.72. Petco Health and Wellness has a 52-week low of $2.28 and a 52-week high of $4.51. 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 firm has a 50 day moving average price of $3.06 and a two-hundred day moving average price of $3.25.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings data 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. Petco Health and Wellness had a negative net margin of 0.04% and a positive return on equity of 0.46%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the company posted ($0.02) earnings per share. Petco Health and Wellness’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities analysts predict that Petco Health and Wellness will post -0.22 EPS for the current year.

Insider Transactions at Petco Health and Wellness

In other Petco Health and Wellness news, CRO Patrick J. Venezia sold 74,192 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $3.08, for a total value of $228,511.36. Following the completion of the sale, the executive directly owned 474,848 shares in the company, valued at approximately $1,462,531.84. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Petco Health and Wellness

Institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Management Professionals Inc. bought a new stake in Petco Health and Wellness in the 3rd quarter valued at about $26,000. Quantbot Technologies LP acquired a new stake in Petco Health and Wellness in the third quarter valued at approximately $34,000. National Bank of Canada FI bought a new stake in shares of Petco Health and Wellness during the third quarter valued at approximately $35,000. Quarry LP acquired a new position in shares of Petco Health and Wellness during the third quarter worth approximately $38,000. Finally, Brookwood Investment Group LLC bought a new position in shares of Petco Health and Wellness in the 2nd quarter worth $28,000.

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.