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 Trading Up 4.5 %
Shares of WOOF traded up $0.68 during midday trading on Wednesday, reaching $15.75. The company had a trading volume of 27,899 shares, compared to its average volume of 2,334,027. Petco Health and Wellness has a 1-year low of $12.88 and a 1-year high of $26.21. The stock has a market cap of $3.59 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.71 and a beta of 0.75. The firm has a 50 day simple moving average of $15.24 and a 200-day simple moving average of $17.69. The company has a quick ratio of 0.36, a current ratio of 1.04 and a debt-to-equity ratio of 0.72.
Petco Health and Wellness (NASDAQ:WOOF - Get Rating) last issued its earnings results on Tuesday, May 24th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. Petco Health and Wellness had a return on equity of 8.93% and a net margin of 3.09%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the company earned $0.17 EPS. The company's revenue for the quarter was up 4.3% on a year-over-year basis. Research analysts forecast that Petco Health and Wellness will post 0.82 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have commented on WOOF. StockNews.com lowered shares of Petco Health and Wellness from a "buy" rating to a "hold" rating in a research report on Thursday, May 26th. UBS Group cut their price target on shares of Petco Health and Wellness to $17.00 in a report on Wednesday, May 25th. Robert W. Baird dropped their price objective on shares of Petco Health and Wellness from $25.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 24th. Morgan Stanley started coverage on shares of Petco Health and Wellness in a research note on Monday, May 16th. They set an "equal weight" rating and a $21.00 price objective on the stock. Finally, Citigroup dropped their price objective on shares of Petco Health and Wellness from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday, May 25th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $23.20.
Insider Buying and Selling
In related news, insider Justin Tichy sold 6,500 shares of the firm's stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $15.74, for a total transaction of $102,310.00. Following the completion of the sale, the insider now directly owns 78,142 shares of the company's stock, valued at approximately $1,229,955.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company's stock.