Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Petco shares carry a consensus “Hold” rating from nine analysts, with two sells, five holds, one buy and one strong buy. The average 12-month price target is $3.42.
• WOOF opened at $2.27, near its 52-week low of $2.24, with a market capitalization of approximately $736 million. Its 50-day and 200-day moving averages were $2.63 and $2.72, respectively.
• Petco reported quarterly EPS of $0.13, exceeding the $0.07 consensus estimate, while revenue matched expectations at $1.49 billion. Insiders sold 450,000 shares worth about $1.15 million over the past three months.

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) has earned an average rating of "Hold" from the nine research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $3.42.

A number of research analysts have recently weighed in on the company. Wall Street Zen raised Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Sunday, September 13th. BNP Paribas Exane cut their target price on shares of Petco Health and Wellness from $2.34 to $2.11 and set an "underperform" rating on the stock in a report on Thursday, September 3rd. Citigroup reduced their target price on Petco Health and Wellness from $4.00 to $3.25 and set a "neutral" rating on the stock in a report on Thursday, June 4th. Robert W. Baird lifted their price objective on 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, Weiss Ratings raised shares of Petco Health and Wellness from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, September 8th.

Petco Health and Wellness Stock Performance

Shares of NASDAQ:WOOF opened at $2.27 on Thursday. The stock has a market capitalization of $735.96 million, a P/E ratio of 22.70, a P/E/G ratio of 2.07 and a beta of 1.53. Petco Health and Wellness has a 1-year low of $2.24 and a 1-year high of $3.96. 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 has a 50-day moving average price of $2.63 and a two-hundred day moving average price of $2.72.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.06. Petco Health and Wellness had a net margin of 0.51% and a return on equity of 3.44%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm earned $0.05 EPS. Equities analysts predict 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 company's stock in a transaction dated 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 owned 1,327,867 shares in the company, valued at approximately $3,372,782.18. This represents a 13.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 450,000 shares of company stock valued at $1,145,500. 6.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Engineers Gate Manager LP raised its position in Petco Health and Wellness by 113.1% during the second quarter. Engineers Gate Manager LP now owns 90,072 shares of the company's stock worth $245,000 after acquiring an additional 47,806 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Petco Health and Wellness in the second quarter valued at $723,000. Bank of America Corp DE grew its position in shares of Petco Health and Wellness by 6.7% in the 1st quarter. Bank of America Corp DE now owns 269,589 shares of the company's stock valued at $749,000 after acquiring an additional 16,825 shares during the period. Amundi bought a new position in shares of Petco Health and Wellness in the 1st quarter valued at about $54,000. Finally, Renaissance Technologies LLC bought a new position in shares of Petco Health and Wellness in the 1st quarter valued at about $1,455,000.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc is a pet-focused retailer and services provider operating primarily in the United States and Puerto Rico. The company serves pet owners through a network of stores and digital channels, offering products and services for dogs, cats, small animals, birds, fish and reptiles.

Petco sells pet food, treats, supplies, toys, bedding, habitats and other everyday care products, including merchandise under its own brands such as WholeHearted, Reddy and EveryYay.

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