Petco Health and Wellness (NASDAQ:WOOF) Posts Earnings Results

Petco Health and Wellness (NASDAQ:WOOF) posted its quarterly earnings data on Wednesday. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03), FiscalAI reports. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. Petco Health and Wellness had a positive return on equity of 0.46% and a negative net margin of 0.04%.

Petco Health and Wellness Stock Performance

Shares of NASDAQ:WOOF traded up $0.07 during midday trading on Wednesday, reaching $2.40. The company’s stock had a trading volume of 9,560,469 shares, compared to its average volume of 1,966,338. The company has a quick ratio of 0.35, a current ratio of 0.91 and a debt-to-equity ratio of 1.37. The stock has a fifty day moving average of $2.70 and a 200 day moving average of $3.11. Petco Health and Wellness has a twelve month low of $2.24 and a twelve month high of $4.51. The firm has a market capitalization of $765.70 million, a PE ratio of -239.76 and a beta of 1.75.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WOOF shares. Weiss Ratings restated a “sell (d-)” rating on shares of Petco Health and Wellness in a research note on Monday, December 29th. Evercore cut 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 report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $3.86.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. lifted its holdings in shares of Petco Health and Wellness by 12.8% in the 2nd quarter. Sei Investments Co. now owns 26,055 shares of the company’s stock valued at $74,000 after buying an additional 2,951 shares during the period. Bank of Nova Scotia grew its holdings in Petco Health and Wellness by 27.8% during the second quarter. Bank of Nova Scotia now owns 15,208 shares of the company’s stock worth $43,000 after acquiring an additional 3,308 shares during the period. Creative Planning raised its position in Petco Health and Wellness by 11.0% during the third quarter. Creative Planning now owns 40,826 shares of the company’s stock valued at $158,000 after acquiring an additional 4,047 shares in the last quarter. Cetera Investment Advisers raised its position in Petco Health and Wellness by 17.6% during the second quarter. Cetera Investment Advisers now owns 28,419 shares of the company’s stock valued at $80,000 after acquiring an additional 4,258 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in Petco Health and Wellness by 59.0% in the second quarter. Osaic Holdings Inc. now owns 22,842 shares of the company’s stock valued at $65,000 after acquiring an additional 8,480 shares during the period.

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.