Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03), Zacks reports. Petco Health and Wellness had a negative return on equity of 5.40% and a negative net margin of 1.77%. The firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter last year, the business earned ($0.04) earnings per share. The business's revenue for the quarter was down 2.3% compared to the same quarter last year.
Petco Health and Wellness Stock Down 23.2%
Shares of Petco Health and Wellness stock traded down $0.84 during trading hours on Friday, hitting $2.78. 24,405,136 shares of the company's stock traded hands, compared to its average volume of 4,399,919. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. Petco Health and Wellness has a twelve month low of $2.23 and a twelve month high of $6.29. The stock has a 50 day simple moving average of $3.26 and a 200-day simple moving average of $3.44. The company has a market cap of $876.05 million, a PE ratio of -6.95 and a beta of 1.82.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on WOOF shares. The Goldman Sachs Group lifted their price target on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the company a "buy" rating in a research report on Thursday, March 27th. Citigroup reduced their target price on shares of Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. 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 research report on Friday. Wall Street Zen upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Finally, Wedbush reduced their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Petco Health and Wellness has an average rating of "Hold" and an average target price of $3.75.
Check Out Our Latest Report on Petco Health and Wellness
Insider Activity at Petco Health and Wellness
In other Petco Health and Wellness news, CEO Joel D. Anderson acquired 736,547 shares of the company's stock in a transaction on Friday, March 28th. The shares were bought at an average cost of $2.91 per share, for a total transaction of $2,143,351.77. Following the acquisition, the chief executive officer now directly owns 736,547 shares of the company's stock, valued at $2,143,351.77. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is currently owned by company insiders.
Institutional Trading of Petco Health and Wellness
A hedge fund recently raised its stake in Petco Health and Wellness stock. Goldman Sachs Group Inc. raised its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 60.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,637,695 shares of the company's stock after acquiring an additional 1,367,299 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.15% of Petco Health and Wellness worth $11,095,000 at the end of the most recent quarter.
About Petco Health and Wellness
(
Get Free Report)
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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