Petco Health and Wellness (NASDAQ:WOOF) Given Sell (D-) Rating at Weiss Ratings

Key Points

• Petco Health and Wellness has been given a "sell (D-)" rating by Weiss Ratings, indicating negative sentiment towards the stock.
• Despite the negative rating from Weiss, the consensus among analysts has shifted, with one rating it a Strong Buy and several upgrading their ratings, leading to an overall consensus rating of "Hold."
• The company's latest earnings report showed a revenue of $1.49 billion for the quarter, with a significant year-over-year decrease of 2.3% in revenue.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report)'s stock had its "sell (d-)" rating restated by equities research analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

A number of other research firms have also commented on WOOF. Zacks Research raised shares of Petco Health and Wellness from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. Robert W. Baird upped their price objective on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. UBS Group upped their price objective on shares of Petco Health and Wellness from $3.25 to $3.70 and gave the company a "neutral" rating in a research note on Friday, August 29th. Guggenheim reaffirmed a "neutral" rating on shares of Petco Health and Wellness in a research note on Tuesday, September 2nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $4.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Petco Health and Wellness presently has a consensus rating of "Hold" and a consensus target price of $3.95.

Petco Health and Wellness Price Performance

Shares of NASDAQ:WOOF traded up $0.03 during midday trading on Tuesday, hitting $3.49. The stock had a trading volume of 946,672 shares, compared to its average volume of 4,115,242. The company has a market capitalization of $1.11 billion, a P/E ratio of -34.75 and a beta of 1.73. The company has a quick ratio of 0.31, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. The company's 50-day moving average price is $3.50 and its 200-day moving average price is $3.26. Petco Health and Wellness has a fifty-two week low of $2.28 and a fifty-two week high of $6.29.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the firm posted ($0.02) EPS. The firm's revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts predict that Petco Health and Wellness will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Brookwood Investment Group LLC acquired a new position in Petco Health and Wellness during the second quarter worth $28,000. Focus Partners Advisor Solutions LLC purchased a new position in Petco Health and Wellness during the first quarter worth about $31,000. Concurrent Investment Advisors LLC bought a new stake in Petco Health and Wellness in the 2nd quarter worth about $31,000. Caitong International Asset Management Co. Ltd grew its position 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 purchasing an additional 9,782 shares in the last quarter. Finally, R Squared Ltd grew its position in Petco Health and Wellness by 152.7% in the 1st quarter. R Squared Ltd now owns 10,670 shares of the company's stock worth $33,000 after purchasing an additional 6,447 shares in the last quarter.

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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