Petco Health and Wellness Stock Price, News & Analysis (NASDAQ:WOOF)

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Petco Health and Wellness in the last year. There are currently 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WOOF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WOOF, but not buy additional shares or sell existing shares.
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12 brokerages have issued twelve-month price objectives for Petco Health and Wellness' stock. Their WOOF share price targets range from $3.00 to $10.00. On average, they predict the company's stock price to reach $6.05 in the next twelve months. This suggests a possible upside of 67.0% from the stock's current price.
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Petco Health and Wellness' stock was trading at $9.48 at the start of the year. Since then, WOOF stock has decreased by 61.8% and is now trading at $3.62.
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Petco Health and Wellness saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 18,100,000 shares, a drop of 16.5% from the October 31st total of 21,670,000 shares. Based on an average daily volume of 4,800,000 shares, the short-interest ratio is currently 3.8 days. Approximately 12.1% of the shares of the company are sold short.
View Petco Health and Wellness' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 27th 2024.
View our WOOF earnings forecast.

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) announced its quarterly earnings data on Wednesday, November, 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.07. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Petco Health and Wellness had a positive trailing twelve-month return on equity of 0.73% and a negative net margin of 19.89%. The company's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share.

ProShares Pet Care ETF holds 476,644 shares of WOOF stock, representing 3.87% of its portfolio.

Petco Health and Wellness updated its FY24 earnings guidance on Wednesday, November, 29th. The company provided earnings per share (EPS) guidance of ~$0.08 for the period, compared to the consensus EPS estimate of $0.27. The company issued revenue guidance of $6.15-6.28 billion, compared to the consensus revenue estimate of $6.25 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Petco Health and Wellness investors own include IDEXX Laboratories (IDXX), Altaba (AABA), Bank of America (BAC), Broadcom (AVGO), General Electric (GE), Nucor (NUE), Twitter (TWTR), Salesforce (CRM), NXP Semiconductors (NXPI).

(WOOF) raised $744 million in an IPO on Thursday, January 14th 2021. The company issued 48,000,000 shares at $14.00-$17.00 per share. Goldman Sachs and BofA Securities acted as the underwriters for the IPO and Citigroup, Evercore ISI, Credit Suisse, UBS Investment Bank, Wells Fargo Securities, Baird, Guggenheim Securities, AmeriVet Securities, C.L. King & Associates, R. Seelaus & Co. LLC, Ramirez & Co. Inc. and Siebert Williams Shank were co-managers.

Petco Health and Wellness' stock is owned by many different institutional and retail investors. Top institutional investors include Mackenzie Financial Corp (2.69%), JPMorgan Chase & Co. (1.85%), AQR Capital Management LLC (1.71%), Massachusetts Financial Services Co. MA (1.07%), Principal Financial Group Inc. (0.82%) and Charles Schwab Investment Management Inc. (0.30%). Insiders that own company stock include Aggregator Lp Scooby, Brian Larose, Canada Pension Plan Investment, Gary S Briggs, Justin Tichy, Michelle Bonfilio and Ron Coughlin.
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Shares of WOOF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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