Petco Health and Wellness (NASDAQ:WOOF) Stock Price Crosses Above 200-Day Moving Average on Analyst Downgrade

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) shares crossed above its 200-day moving average during trading on Monday after Weiss Ratings upgraded the stock from a sell (d+) rating to a hold (c-) rating. The stock has a 200-day moving average of $2.67 and traded as high as $2.77. Petco Health and Wellness shares last traded at $2.74, with a volume of 4,726,853 shares trading hands.

WOOF has been the subject of a number of other research reports. Robert W. Baird upped their price objective on shares of Petco Health and Wellness from $3.00 to $3.25 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. BNP Paribas Exane decreased their price objective on Petco Health and Wellness from $2.34 to $2.11 and set an “underperform” rating for the company in a report on Thursday, September 3rd. Zacks Research raised Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. UBS Group decreased their price objective on Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. Finally, Wall Street Zen upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Sunday, September 13th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $3.42.

Institutional Trading of Petco Health and Wellness

Institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. increased its holdings in shares of Petco Health and Wellness by 14.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company’s stock valued at $66,000 after acquiring an additional 2,988 shares during the period. International Assets Investment Management LLC lifted its position in Petco Health and Wellness by 63.9% during the 1st quarter. International Assets Investment Management LLC now owns 12,825 shares of the company’s stock worth $35,000 after acquiring an additional 5,000 shares in the last quarter. HB Wealth Management LLC bought a new position in shares of Petco Health and Wellness during the first quarter worth about $34,000. R Squared Ltd acquired a new stake in shares of Petco Health and Wellness in the 1st quarter worth about $36,000. Finally, Verus Capital Partners LLC bought a new stake in shares of Petco Health and Wellness in the 3rd quarter worth approximately $31,000.

Petco Health and Wellness Trading Up 16.7%

The company has a current ratio of 0.90, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The business’s 50-day simple moving average is $2.44 and its 200-day simple moving average is $2.67. The company has a market cap of $1.02 billion, a PE ratio of 31.40, a P/E/G ratio of 2.44 and a beta of 1.51.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Wednesday, September 2nd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The business 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 period in the prior year, the company posted $0.05 earnings per share. As a group, analysts expect that Petco Health and Wellness Company, Inc. will post 0.10 EPS for the current fiscal year.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc is a U.S.-based pet health and wellness retailer operating under the Petco brand. The company serves pet owners through a combination of brick-and-mortar stores, digital commerce channels and service locations, offering products and services for dogs, cats, fish, birds, reptiles and other companion animals.

Petco’s merchandise includes pet food, treats, toys, bedding, habitats, grooming supplies and other everyday care products. Its services include veterinary care, grooming, training, adoption support and other wellness offerings.