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

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOFGet Free Report) have been assigned an average rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $3.9430.

Several analysts have commented 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 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. Finally, Jefferies Financial Group raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and raised their target price for the stock from $4.05 to $5.00 in a report on Thursday.

View Our Latest Stock Analysis on Petco Health and Wellness

Petco Health and Wellness Stock Performance

Shares of WOOF stock opened at $3.62 on Friday. The business has a fifty day moving average of $2.72 and a 200 day moving average of $3.10. Petco Health and Wellness has a 1 year low of $2.24 and a 1 year 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 $1.15 billion, a price-to-earnings ratio of 120.67 and a beta of 1.75.

Petco Health and Wellness (NASDAQ:WOOFGet Free Report) last released its earnings results on Wednesday, March 11th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. Petco Health and Wellness had a return on equity of 0.89% and a net margin of 0.15%.The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS. As a group, research analysts expect that Petco Health and Wellness will post -0.22 earnings per share for the current year.

Hedge Funds Weigh In On Petco Health and Wellness

A number of institutional investors have recently modified their holdings of the stock. Financial Management Professionals Inc. acquired a new position in shares of Petco Health and Wellness in the 3rd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd grew its holdings in 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 acquiring an additional 8,519 shares during the period. Abel Hall LLC purchased a new position in Petco Health and Wellness during the fourth quarter valued at approximately $31,000. Cibc World Market Inc. purchased a new position in Petco Health and Wellness during the fourth quarter valued at approximately $32,000. Finally, Quantbot Technologies LP acquired a new position in Petco Health and Wellness in the third quarter valued at approximately $34,000.

Key Petco Health and Wellness News

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Petco Health and Wellness Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Petco Health and Wellness (NASDAQ:WOOF)

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