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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $3.9580.

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

Petco Health and Wellness Stock Performance

NASDAQ:WOOF opened at $2.91 on Friday. Petco Health and Wellness has a 12 month low of $2.28 and a 12 month high of $4.51. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.91 and a quick ratio of 0.35. The firm has a market capitalization of $928.41 million, a PE ratio of -290.71 and a beta of 1.72. The business’s fifty day moving average price is $2.98 and its 200 day moving average price is $3.27.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data on Tuesday, November 25th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. Petco Health and Wellness had a positive return on equity of 0.46% and a negative net margin of 0.04%.The business 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 firm posted ($0.02) EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Petco Health and Wellness will post -0.22 earnings per share for the current fiscal year.

Insider Activity

In other news, CRO Patrick J. Venezia sold 74,192 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $3.08, for a total transaction of $228,511.36. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WOOF. SG Americas Securities LLC grew its holdings in shares of Petco Health and Wellness by 59.9% during the fourth quarter. SG Americas Securities LLC now owns 90,410 shares of the company’s stock worth $254,000 after buying an additional 33,878 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Petco Health and Wellness by 280.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 832,412 shares of the company’s stock valued at $3,221,000 after purchasing an additional 613,591 shares during the last quarter. Greenfield Seitz Capital Management LLC raised its stake in shares of Petco Health and Wellness by 64.4% during the third quarter. Greenfield Seitz Capital Management LLC now owns 60,000 shares of the company’s stock worth $232,000 after purchasing an additional 23,500 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of Petco Health and Wellness during the third quarter worth $47,000. Finally, PharVision Advisers LLC purchased a new position in Petco Health and Wellness in the 3rd quarter valued at $201,000.

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.