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

Key Points

• Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has received an average recommendation of "Hold" from eight research firms, with five hold ratings and three buy ratings.
• The stock's average 12-month target price among analysts is $3.75, reflecting varying opinions on its future performance.
• Petco reported a quarterly loss of ($0.04) EPS, missing consensus estimates, and its revenue decreased by 2.3% year-over-year.

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) has earned an average rating of "Hold" from the eight research firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $3.75.

A number of research firms recently commented on WOOF. Wells Fargo & Company lifted their price target on 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 decreased their target price on 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.

Institutional Trading of Petco Health and Wellness

Hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new position in Petco Health and Wellness during the 4th quarter worth $89,000. Sei Investments Co. grew its stake in shares of Petco Health and Wellness by 54.7% in the fourth quarter. Sei Investments Co. now owns 18,009 shares of the company's stock valued at $69,000 after acquiring an additional 6,371 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Petco Health and Wellness in the fourth quarter valued at about $82,000. LPL Financial LLC increased its position in Petco Health and Wellness by 18.2% during the fourth quarter. LPL Financial LLC now owns 42,006 shares of the company's stock worth $160,000 after acquiring an additional 6,470 shares during the period. Finally, Norges Bank acquired a new stake in Petco Health and Wellness in the 4th quarter worth about $8,864,000.

Petco Health and Wellness Price Performance

NASDAQ:WOOF opened at $2.92 on Friday. The stock has a market capitalization of $920.18 million, a PE ratio of -12.17 and a beta of 1.72. Petco Health and Wellness has a 1-year low of $2.23 and a 1-year high of $6.29. The firm has a fifty day simple moving average of $3.08 and a 200 day simple moving average of $3.09. The company has a current ratio of 0.85, a quick ratio of 0.25 and a debt-to-equity ratio of 1.43.

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

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.

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