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

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) have earned a consensus rating of "Hold" from the eight research firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $3.7475.

Several equities research analysts have recently commented on WOOF shares. 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 for the company in a research report on Friday, June 6th. Wells Fargo & Company upped 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 report on Friday, June 6th.

Hedge Funds Weigh In On Petco Health and Wellness

Institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new position in Petco Health and Wellness in the fourth quarter worth about $25,000. Brookwood Investment Group LLC bought a new position in shares of Petco Health and Wellness during the second quarter valued at approximately $28,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Petco Health and Wellness during the first quarter valued at approximately $31,000. Concurrent Investment Advisors LLC bought a new position in shares of Petco Health and Wellness during the second quarter valued at approximately $31,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Petco Health and Wellness by 747.9% during the second quarter. Caitong International Asset Management Co. Ltd now owns 11,090 shares of the company's stock valued at $31,000 after purchasing an additional 9,782 shares in the last quarter.

Petco Health and Wellness Price Performance

Shares of NASDAQ:WOOF traded up $0.06 during trading on Friday, hitting $3.00. 680,188 shares of the company were exchanged, compared to its average volume of 4,378,991. The business's 50 day moving average is $3.07 and its 200-day moving average is $3.07. The company has a market capitalization of $943.80 million, a P/E ratio of -12.48 and a beta of 1.72. The company has a quick ratio of 0.25, a current ratio of 0.85 and a debt-to-equity ratio of 1.43. Petco Health and Wellness has a 1-year low of $2.23 and a 1-year high of $6.29.

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