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

Key Points

• Petco Health and Wellness Company, Inc. has received a consensus rating of "Hold" from eleven research firms, with an average 1-year price objective of $3.95.
• The company reported $0.05 EPS for its last quarter, beating the consensus estimate of $0.02, although revenue declined by 2.3% year-over-year.
• Recent institutional trading shows a significant increase in shares held, with Sei Investments Co. raising its holdings by 12.8% during the second quarter.

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) have been given an average recommendation of "Hold" by the eleven ratings firms that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $3.9533.

WOOF has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Friday, September 5th. UBS Group lifted their price objective on shares of Petco Health and Wellness from $3.25 to $3.70 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Robert W. Baird lifted their price objective on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Royal Bank Of Canada reissued an "outperform" rating and set a $4.00 target price on shares of Petco Health and Wellness in a report on Wednesday, September 3rd. Finally, Wells Fargo & Company raised their price target on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th.

Institutional Trading of Petco Health and Wellness

Several institutional investors have recently modified their holdings of the stock. Long Focus Capital Management LLC acquired a new position in Petco Health and Wellness in the 1st quarter valued at about $12,923,000. Solas Capital Management LLC acquired a new position in Petco Health and Wellness in the 1st quarter valued at about $9,150,000. Cresset Asset Management LLC acquired a new position in shares of Petco Health and Wellness in the 1st quarter worth approximately $7,675,000. Nuveen LLC acquired a new position in shares of Petco Health and Wellness in the 1st quarter worth approximately $6,341,000. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Petco Health and Wellness by 513.6% in the 4th quarter. Nuveen Asset Management LLC now owns 2,102,175 shares of the company's stock worth $8,009,000 after acquiring an additional 1,759,570 shares during the last quarter.

Petco Health and Wellness Stock Down 1.6%

Shares of NASDAQ WOOF traded down $0.06 during midday trading on Friday, reaching $3.46. 1,609,042 shares of the company's stock traded hands, compared to its average volume of 4,274,474. The company has a quick ratio of 0.31, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. The stock's 50 day simple moving average is $3.40 and its 200-day simple moving average is $3.14. Petco Health and Wellness has a one year low of $2.28 and a one year high of $6.29. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -34.46 and a beta of 1.74.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. Petco Health and Wellness had a negative net margin of 0.47% and a negative return on equity of 1.71%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned ($0.02) earnings per share. On average, analysts predict that Petco Health and Wellness will post -0.22 EPS for the current fiscal year.

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.