Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) PT at $3.86

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have received an average recommendation of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $3.8580.

Several research firms have recently weighed in on WOOF. Evercore decreased their price target 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Petco Health and Wellness in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th.

Petco Health and Wellness Stock Performance

NASDAQ WOOF opened at $2.56 on Wednesday. The company has a market cap of $816.74 million, a PE ratio of -255.74 and a beta of 1.72. The stock’s 50 day simple moving average is $2.82 and its 200-day simple moving average is $3.18. Petco Health and Wellness has a 1-year low of $2.28 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.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Petco Health and Wellness had a positive return on equity of 0.46% and a negative net margin of 0.04%.The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.02) earnings per share. As a group, equities research analysts anticipate that Petco Health and Wellness will post -0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Petco Health and Wellness news, CRO Patrick J. Venezia sold 74,192 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $3.08, for a total value of $228,511.36. Following the completion of the sale, the executive directly owned 474,848 shares in the company, valued at $1,462,531.84. This represents a 13.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC increased its position in Petco Health and Wellness by 9.1% during the first quarter. AQR Capital Management LLC now owns 1,274,588 shares of the company’s stock worth $3,887,000 after purchasing an additional 106,295 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Petco Health and Wellness by 60.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock valued at $11,095,000 after buying an additional 1,367,299 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of Petco Health and Wellness during the 2nd quarter worth approximately $31,000. CWM LLC increased its holdings in shares of Petco Health and Wellness by 68.5% during the 2nd quarter. CWM LLC now owns 108,292 shares of the company’s stock worth $306,000 after buying an additional 44,005 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Petco Health and Wellness during the 2nd quarter valued at approximately $264,000.

Petco Health and Wellness Company Profile

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.