Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Stock Has Average Price Target of $3.42

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

WOOF has been the topic of several research reports. Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Sunday, September 13th. Zacks Research raised shares of Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. Weiss Ratings upgraded shares of Petco Health and Wellness from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 8th. Robert W. Baird boosted their target price on shares of Petco Health and Wellness from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Finally, UBS Group dropped their target price on Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, September 3rd.

Petco Health and Wellness Price Performance

Shares of NASDAQ WOOF opened at $2.19 on Thursday. The stock has a fifty day simple moving average of $2.61 and a two-hundred day simple moving average of $2.71. Petco Health and Wellness has a 1-year low of $2.14 and a 1-year high of $3.96. The firm has a market cap of $710.02 million, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59. The company has a current ratio of 0.90, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Wednesday, September 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate 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 period last year, the business posted $0.05 earnings per share. Analysts anticipate that Petco Health and Wellness will post 0.1 earnings per share for the current year.

Insider Buying and Selling at Petco Health and Wellness

In related news, insider Holly May sold 200,000 shares of the business’s stock in a transaction on 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 directly owned 1,327,867 shares in the company, valued at approximately $3,372,782.18. The trade was a 13.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 450,000 shares of company stock valued at $1,145,500 in the last three months. 6.50% of the stock is currently owned by insiders.

Institutional Trading of Petco Health and Wellness

A number of institutional investors have recently added to or reduced their stakes in WOOF. HB Wealth Management LLC bought a new stake in shares of Petco Health and Wellness during the first quarter valued at about $34,000. International Assets Investment Management LLC lifted its holdings in shares of Petco Health and Wellness by 63.9% in the first quarter. International Assets Investment Management LLC now owns 12,825 shares of the company’s stock worth $35,000 after buying an additional 5,000 shares in the last quarter. R Squared Ltd bought a new position in shares of Petco Health and Wellness in the first quarter valued at approximately $36,000. AXQ Capital LP bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at approximately $47,000. Finally, Amundi purchased a new position in Petco Health and Wellness during the first quarter valued at approximately $54,000.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc is a pet health and wellness retailer that provides products, services and advice for companion animals. The company sells pet food, treats, supplies, toys, habitats and other merchandise for dogs, cats, fish, birds, reptiles and small animals through its retail stores and e-commerce platforms.

In addition to merchandise, Petco offers a range of services designed to support pet care, including veterinary care, grooming, training, vaccinations, nutrition guidance and adoption services.