Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives Consensus Rating of "Hold" from Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) have been assigned a consensus rating of "Hold" from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $3.65.

A number of equities research analysts have commented on WOOF shares. UBS Group reduced their price objective on Petco Health and Wellness from $3.00 to $2.50 and set a "neutral" rating for the company in a research note on Wednesday, March 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $5.00 target price on shares of Petco Health and Wellness in a research report on Wednesday, March 13th. Jefferies Financial Group started coverage on Petco Health and Wellness in a research report on Tuesday, December 19th. They set a "hold" rating and a $3.11 target price on the stock. Robert W. Baird cut their target price on Petco Health and Wellness from $3.00 to $2.50 and set a "neutral" rating on the stock in a research report on Thursday, March 14th. Finally, Wells Fargo & Company cut their target price on Petco Health and Wellness from $3.00 to $2.00 and set an "equal weight" rating on the stock in a research report on Monday, March 25th.

Petco Health and Wellness Stock Down 7.5 %

Petco Health and Wellness stock traded down $0.14 during mid-day trading on Friday, reaching $1.72. The stock had a trading volume of 2,353,531 shares, compared to its average volume of 3,931,330. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.24 and a current ratio of 0.86. Petco Health and Wellness has a fifty-two week low of $1.72 and a fifty-two week high of $10.76. The stock's 50-day simple moving average is $2.33 and its 200-day simple moving average is $2.94. The firm has a market capitalization of $526.80 million, a PE ratio of -0.36 and a beta of 1.15.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The firm had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.63 billion. During the same quarter last year, the firm posted $0.17 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, sell-side analysts forecast that Petco Health and Wellness will post -0.23 EPS for the current fiscal year.

Institutional Trading of Petco Health and Wellness

Several hedge funds have recently made changes to their positions in WOOF. Advisor Group Holdings Inc. lifted its holdings in Petco Health and Wellness by 71.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 34,560 shares of the company's stock worth $353,000 after purchasing an additional 14,371 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Petco Health and Wellness during the 1st quarter worth about $349,000. Bank of New York Mellon Corp lifted its holdings in Petco Health and Wellness by 422.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,451,917 shares of the company's stock worth $28,416,000 after purchasing an additional 1,174,228 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in Petco Health and Wellness during the 1st quarter worth about $265,000. Finally, MetLife Investment Management LLC purchased a new stake in Petco Health and Wellness during the 1st quarter worth about $25,000.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.