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

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) have been assigned a consensus rating of "Hold" from the eight brokerages that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $3.75.

A number of analysts have issued reports on WOOF shares. Citigroup reduced their price objective on Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Wells Fargo & Company boosted their price target on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an "equal weight" rating in a research report on Friday, June 6th. UBS Group lowered their price objective on shares of Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating for the company in a research report on Thursday, March 27th. The Goldman Sachs Group boosted their target price on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, Morgan Stanley decreased their target price on shares of Petco Health and Wellness from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Friday, June 6th.

Petco Health and Wellness Price Performance

Shares of NASDAQ WOOF traded up $0.07 during midday trading on Friday, reaching $2.54. The stock had a trading volume of 3,131,537 shares, compared to its average volume of 4,431,293. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. Petco Health and Wellness has a 12-month low of $2.23 and a 12-month high of $6.29. The stock has a 50-day moving average of $3.22 and a 200-day moving average of $3.37. The company has a market capitalization of $798.84 million, a price-to-earnings ratio of -6.34 and a beta of 1.82.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.50 billion. Petco Health and Wellness had a negative net margin of 1.77% and a negative return on equity of 5.40%. The business's revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) earnings per share. As a group, research analysts anticipate that Petco Health and Wellness will post -0.22 EPS for the current fiscal year.

Insider Activity at Petco Health and Wellness

In other news, CEO Joel D. Anderson purchased 736,547 shares of the business's stock in a transaction dated Friday, March 28th. The shares were purchased at an average price of $2.91 per share, for a total transaction of $2,143,351.77. Following the completion of the purchase, the chief executive officer now owns 736,547 shares in the company, valued at approximately $2,143,351.77. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 4.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Petco Health and Wellness

Several large investors have recently modified their holdings of the business. Bleakley Financial Group LLC raised its stake in Petco Health and Wellness by 14.3% in the fourth quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company's stock worth $172,000 after buying an additional 5,660 shares in the last quarter. Principal Financial Group Inc. boosted its position in Petco Health and Wellness by 27.0% during the fourth quarter. Principal Financial Group Inc. now owns 203,121 shares of the company's stock valued at $774,000 after purchasing an additional 43,229 shares in the last quarter. Rice Hall James & Associates LLC boosted its position in Petco Health and Wellness by 25.4% during the fourth quarter. Rice Hall James & Associates LLC now owns 584,453 shares of the company's stock valued at $2,227,000 after purchasing an additional 118,410 shares in the last quarter. New York State Common Retirement Fund grew its stake in Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock valued at $44,000 after purchasing an additional 3,711 shares during the last quarter. Finally, Advyzon Investment Management LLC bought a new position in Petco Health and Wellness in the fourth quarter worth about $85,000.

About Petco Health and Wellness

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.