Petco Health and Wellness Company, Inc., a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. 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. It also offers pet consumables, supplies, and services through its petco.com, petcoach.co, petinsurancequotes.com, and pupbox.com websites. As of March 23, 2022, the company operated approximately 1,500 Petco locations in the United States, Mexico, and Puerto Rico that included a network of approximately 200 in-store veterinary hospitals. Petco Health and Wellness Company, Inc. was founded in 1965 and is headquartered in San Diego, California.
Petco Health and Wellness Stock Up 4.4 %
Shares of WOOF Stock traded up $0.63 during mid-day trading on Friday, reaching $14.80. 2,017,570 shares of the company's stock traded hands, compared to its average volume of 2,075,349. Petco Health and Wellness has a 12 month low of $12.88 and a 12 month high of $26.21. The company has a market cap of $3.37 billion, a P/E ratio of 21.76, a P/E/G ratio of 1.71 and a beta of 0.75. The company has a quick ratio of 0.36, a current ratio of 1.04 and a debt-to-equity ratio of 0.72. The company's 50-day moving average price is $15.27 and its 200-day moving average price is $17.72.
Petco Health and Wellness (NASDAQ:WOOF - Get Rating) last announced its earnings results on Tuesday, May 24th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Petco Health and Wellness had a net margin of 3.09% and a return on equity of 8.93%. The firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the previous year, the business posted $0.17 EPS. The company's quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts expect that Petco Health and Wellness will post 0.82 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on WOOF. Wedbush cut their target price on shares of Petco Health and Wellness from $25.00 to $18.00 and set an "outperform" rating on the stock in a report on Tuesday, July 26th. Citigroup cut their target price on shares of Petco Health and Wellness from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, May 25th. StockNews.com cut shares of Petco Health and Wellness from a "buy" rating to a "hold" rating in a report on Thursday, May 26th. Morgan Stanley started coverage on shares of Petco Health and Wellness in a report on Monday, May 16th. They issued an "equal weight" rating and a $21.00 price target on the stock. Finally, The Goldman Sachs Group cut their price target on shares of Petco Health and Wellness from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Monday, June 27th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $23.20.
Insider Activity
In other news, insider Justin Tichy sold 6,500 shares of the business's stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $15.74, for a total transaction of $102,310.00. Following the sale, the insider now owns 78,142 shares in the company, valued at approximately $1,229,955.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.55% of the company's stock.