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

Key Points

• Petco Health and Wellness Company (NASDAQ:WOOF) has received a consensus recommendation of "Hold" from twelve brokerages, with target prices ranging from $3.25 to $4.00.
• The company reported a quarterly EPS of $0.05, beating analyst expectations, though revenue decreased by 2.3% compared to the same quarter last year.
• Several institutional investors have recently increased their stakes in Petco, including Caitong International Asset Management, which boosted its holdings by 747.9%.

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) have been given a consensus rating of "Hold" by the twelve brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $3.9533.

WOOF has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on Petco Health and Wellness from $3.50 to $4.00 and gave the stock an "equal weight" rating in a report on Friday, August 29th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Petco Health and Wellness in a report on Tuesday. Zacks Research upgraded Petco Health and Wellness from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. UBS Group boosted their target price on Petco Health and Wellness from $3.25 to $3.70 and gave the stock a "neutral" rating in a report on Friday, August 29th. Finally, Wall Street Zen upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Saturday, October 4th.

Petco Health and Wellness Trading Up 3.4%

NASDAQ WOOF opened at $3.67 on Thursday. Petco Health and Wellness has a 12 month low of $2.28 and a 12 month high of $6.29. The company has a 50-day moving average of $3.53 and a 200-day moving average of $3.26. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.31. The company has a market cap of $1.17 billion, a P/E ratio of -36.70 and a beta of 1.73.

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

Hedge Funds Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently bought and sold shares of WOOF. Financial Management Professionals Inc. purchased a new position in Petco Health and Wellness in the 3rd quarter worth approximately $26,000. Brookwood Investment Group LLC purchased a new position in Petco Health and Wellness in the 2nd quarter worth approximately $28,000. Focus Partners Advisor Solutions LLC purchased a new position in Petco Health and Wellness in the 1st quarter worth approximately $31,000. Concurrent Investment Advisors LLC purchased a new position in Petco Health and Wellness in the 2nd quarter worth approximately $31,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Petco Health and Wellness by 747.9% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 11,090 shares of the company's stock worth $31,000 after acquiring an additional 9,782 shares during the period.

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.

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