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

Key Points

• Consensus "Hold": Twelve analysts give Petco an average "Hold" rating (1 sell, 8 hold, 2 buy, 1 strong buy) with a 12‑month average price target of $4.04.
• Recent results and stock metrics: Petco missed EPS (reported ($0.01) vs. $0.02 expected) while posting $1.52B revenue (slightly above estimates) and saw revenue down 2.4% YoY; the stock opened at $2.88 with a market cap of about $928M and a 12‑month range of $2.24–$4.51.
• Mixed analyst and institutional activity: Several brokers (including Goldman and Wall Street Zen) have downgraded to neutral/hold while Zacks upgraded to strong-buy, and multiple hedge funds modestly increased their stakes recently.

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) have been given an average recommendation of "Hold" by the twelve analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.0367.

Several research firms have recently issued reports on WOOF. Wall Street Zen lowered Petco Health and Wellness from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Citigroup lifted their price target on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a "neutral" rating in a research report on Monday, March 16th. Zacks Research raised Petco Health and Wellness from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 7th. The Goldman Sachs Group lowered Petco Health and Wellness from a "buy" rating to a "neutral" rating and set a $3.83 price target for the company. in a research report on Monday, April 13th. Finally, UBS Group lifted their price target on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a "neutral" rating in a research report on Monday, March 16th.

Hedge Funds Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. increased its position in shares of Petco Health and Wellness by 12.8% during the 2nd quarter. Sei Investments Co. now owns 26,055 shares of the company's stock valued at $74,000 after purchasing an additional 2,951 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Petco Health and Wellness by 14.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company's stock valued at $66,000 after purchasing an additional 2,988 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Petco Health and Wellness by 27.8% during the 2nd quarter. Bank of Nova Scotia now owns 15,208 shares of the company's stock valued at $43,000 after purchasing an additional 3,308 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Petco Health and Wellness by 9.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 42,569 shares of the company's stock valued at $155,000 after purchasing an additional 3,531 shares during the last quarter. Finally, Creative Planning increased its position in shares of Petco Health and Wellness by 11.0% during the 3rd quarter. Creative Planning now owns 40,826 shares of the company's stock valued at $158,000 after purchasing an additional 4,047 shares during the last quarter.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF opened at $2.88 on Monday. The stock has a market cap of $927.78 million, a P/E ratio of 96.00, a price-to-earnings-growth ratio of 3.73 and a beta of 1.53. The firm's fifty day simple moving average is $2.80 and its 200 day simple moving average is $2.93. Petco Health and Wellness has a twelve month low of $2.24 and a twelve month high of $4.51. The company has a quick ratio of 0.38, a current ratio of 0.90 and a debt-to-equity ratio of 1.28.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last announced its earnings results on Wednesday, March 11th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). Petco Health and Wellness had a net margin of 0.15% and a return on equity of 0.89%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm posted ($0.05) EPS. The business's quarterly revenue was down 2.4% on a year-over-year basis. As a group, research analysts predict that Petco Health and Wellness will post 0.07 EPS for the current year.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc NASDAQ: WOOF is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.

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