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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $3.42.

WOOF has been the subject of several research analyst reports. Zacks Research upgraded shares of Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings upgraded shares of Petco Health and Wellness from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Robert W. Baird lifted their price objective on shares of Petco Health and Wellness from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. Finally, Citigroup dropped their price objective on shares of Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating for the company in a report on Thursday, June 4th.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF opened at $2.45 on Friday. The stock has a market cap of $792.23 million, a P/E ratio of 24.50, a PEG ratio of 2.22 and a beta of 1.53. The company has a quick ratio of 0.39, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. The business’s 50-day moving average price is $2.70 and its two-hundred day moving average price is $2.74. Petco Health and Wellness has a twelve month low of $2.24 and a twelve month high of $3.96.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.07 by $0.06. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Petco Health and Wellness had a return on equity of 3.44% and a net margin of 0.51%.During the same quarter in the previous year, the firm earned $0.05 earnings per share. As a group, equities analysts predict that Petco Health and Wellness will post 0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Petco Health and Wellness news, insider Holly May sold 200,000 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $2.54, for a total transaction of $508,000.00. Following the sale, the insider owned 1,327,867 shares in the company, valued at $3,372,782.18. This trade represents a 13.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 450,000 shares of company stock worth $1,145,500 in the last quarter. Company insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Petco Health and Wellness

Several institutional investors have recently modified their holdings of WOOF. Engineers Gate Manager LP raised its holdings in shares of Petco Health and Wellness by 113.1% during the 2nd quarter. Engineers Gate Manager LP now owns 90,072 shares of the company’s stock valued at $245,000 after buying an additional 47,806 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Petco Health and Wellness in the second quarter worth approximately $723,000. California State Teachers Retirement System boosted its stake in Petco Health and Wellness by 186.9% in the second quarter. California State Teachers Retirement System now owns 247,245 shares of the company’s stock worth $673,000 after buying an additional 161,059 shares in the last quarter. Bank of America Corp DE grew its position in Petco Health and Wellness by 6.7% during the first quarter. Bank of America Corp DE now owns 269,589 shares of the company’s stock valued at $749,000 after acquiring an additional 16,825 shares during the last quarter. Finally, Amundi bought a new position in Petco Health and Wellness during the first quarter valued at approximately $54,000.

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.