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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $3.8580.

WOOF has been the topic of several recent analyst reports. Evercore lowered their price objective on shares of 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Monday, December 29th. Finally, Zacks Research lowered Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th.

Insider Buying and Selling at Petco Health and Wellness

In other Petco Health and Wellness news, CRO Patrick J. Venezia sold 74,192 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $3.08, for a total value of $228,511.36. Following the transaction, the executive directly owned 474,848 shares of the company’s stock, valued at $1,462,531.84. This represents a 13.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Petco Health and Wellness

Institutional investors have recently modified their holdings of the business. Financial Management Professionals Inc. bought a new position in Petco Health and Wellness during the third quarter worth about $26,000. Brookwood Investment Group LLC bought a new position in shares of Petco Health and Wellness during the second quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Petco Health and Wellness by 425.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock worth $30,000 after purchasing an additional 8,519 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of Petco Health and Wellness in the second quarter valued at approximately $31,000. Finally, Abel Hall LLC bought a new stake in shares of Petco Health and Wellness in the fourth quarter valued at approximately $31,000.

Petco Health and Wellness Trading Down 0.8%

NASDAQ:WOOF opened at $2.44 on Wednesday. The company has a market cap of $778.46 million, a P/E ratio of -243.76 and a beta of 1.72. Petco Health and Wellness has a twelve month low of $2.28 and a twelve month high of $4.51. The business has a 50 day moving average price of $2.79 and a two-hundred day moving average price of $3.17. The company has a quick ratio of 0.35, a current ratio of 0.91 and a debt-to-equity ratio of 1.37.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Tuesday, November 25th. The company reported $0.03 EPS 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 business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis. As a group, analysts expect that Petco Health and Wellness will post -0.22 EPS for the current fiscal year.

Petco Health and Wellness Company Profile

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.