Petco Health and Wellness (NASDAQ:WOOF) Stock Price Up 4.7% - Still a Buy?

Key Points

• Petco shares rose 4.7% to $2.335 in mid-day trading, though volume was 46% below the average daily level.
• The company reported quarterly EPS of $0.13, beating estimates of $0.07, while revenue of $1.49 billion matched expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $3.42; recent target changes ranged from $2.11 to $3.50.

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report)'s stock price rose 4.7% on Monday. The stock traded as high as $2.33 and last traded at $2.3350. 1,187,055 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 2,209,452 shares. The stock had previously closed at $2.23.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Zacks Research upgraded shares of Petco Health and Wellness from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 4th. BNP Paribas Exane dropped their price target on shares of Petco Health and Wellness from $2.34 to $2.11 and set an "underperform" rating on the stock in a research note on Thursday, September 3rd. Weiss Ratings upgraded shares of Petco Health and Wellness from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, September 8th. UBS Group reduced their price objective on Petco Health and Wellness from $4.00 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, September 3rd. Finally, Robert W. Baird increased their price objective on Petco Health and Wellness from $3.00 to $3.25 and gave the stock a "neutral" rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $3.42.

Petco Health and Wellness Stock Up 4.7%

The firm has a market cap of $757.03 million, a price-to-earnings ratio of 23.35, a P/E/G ratio of 2.02 and a beta of 1.59. The firm's fifty day moving average is $2.55 and its two-hundred day moving average is $2.67. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.39.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.06. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Petco Health and Wellness had a net margin of 0.51% and a return on equity of 3.44%. During the same quarter in the prior year, the firm posted $0.05 EPS. On average, sell-side analysts expect that Petco Health and Wellness Company, Inc. will post 0.10 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. HB Wealth Management LLC bought a new position in Petco Health and Wellness during the 1st quarter valued at $34,000. International Assets Investment Management LLC increased its position in shares of Petco Health and Wellness by 63.9% during the 1st quarter. International Assets Investment Management LLC now owns 12,825 shares of the company's stock valued at $35,000 after purchasing an additional 5,000 shares during the period. R Squared Ltd acquired a new position in shares of Petco Health and Wellness during the 1st quarter valued at $36,000. Amundi acquired a new position in shares of Petco Health and Wellness during the 1st quarter valued at $54,000. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Petco Health and Wellness by 14.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company's stock worth $66,000 after buying an additional 2,988 shares in the last quarter.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc is a pet health and wellness retailer that provides products, services and advice for companion animals. The company sells pet food, treats, supplies, toys, habitats and other merchandise for dogs, cats, fish, birds, reptiles and small animals through its retail stores and e-commerce platforms.

In addition to merchandise, Petco offers a range of services designed to support pet care, including veterinary care, grooming, training, vaccinations, nutrition guidance and adoption services.

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