Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Petco Health and Wellness has received a consensus rating of "Hold" from eight analysts, with five recommending a hold and three a buy, while the average 12-month price target is $3.75.
• Shares recently opened at $3.18, having a 52-week range of $2.28 to $6.29, but are down 4.8% citing various analysts' adjustments to target prices.
• In its latest earnings report, Petco reported ($0.04) EPS, missing expectations and showing a 2.3% decline in revenue year-over-year.

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) have received a consensus rating of "Hold" from the eight research firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $3.7475.

Several equities analysts have recently commented on WOOF shares. Wells Fargo & Company boosted their target price on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an "equal weight" rating in a report on Friday, June 6th. Morgan Stanley lowered 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 report on Friday, June 6th.

Petco Health and Wellness Trading Down 4.8%

Shares of WOOF stock opened at $3.18 on Wednesday. Petco Health and Wellness has a 52-week low of $2.28 and a 52-week high of $6.29. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.25 and a current ratio of 0.85. The firm has a market capitalization of $1.00 billion, a PE ratio of -13.25 and a beta of 1.72. The stock has a fifty day simple moving average of $3.13 and a two-hundred day simple moving average of $3.04.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). Petco Health and Wellness had a negative return on equity of 4.29% and a negative net margin of 1.10%.The business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the company posted ($0.04) EPS. The company's quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts predict that Petco Health and Wellness will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Brookwood Investment Group LLC purchased a new position in Petco Health and Wellness during the 2nd quarter valued at approximately $28,000. Focus Partners Advisor Solutions LLC purchased a new position in Petco Health and Wellness during the 1st quarter valued at approximately $31,000. Concurrent Investment Advisors LLC purchased a new position in Petco Health and Wellness during the 2nd quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd grew its holdings in Petco Health and Wellness by 747.9% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 11,090 shares of the company's stock valued at $31,000 after buying an additional 9,782 shares in the last quarter. Finally, R Squared Ltd grew its holdings in Petco Health and Wellness by 152.7% during the 1st quarter. R Squared Ltd now owns 10,670 shares of the company's stock valued at $33,000 after buying an additional 6,447 shares in the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.