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 2.0 %
Shares of WOOF traded up $0.33 during mid-day trading on Wednesday, hitting $16.85. 91,826 shares of the company traded hands, compared to its average volume of 2,258,443. The business has a 50 day moving average of $15.22 and a 200 day moving average of $17.62. The company has a market capitalization of $3.84 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 1.86 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. Petco Health and Wellness has a 1-year low of $12.88 and a 1-year high of $26.21.
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. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. Petco Health and Wellness had a return on equity of 8.93% and a net margin of 3.09%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. Equities research analysts anticipate that Petco Health and Wellness will post 0.82 EPS for the current year.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. StockNews.com cut Petco Health and Wellness from a "buy" rating to a "hold" rating in a research note on Thursday, May 26th. Citigroup decreased their price objective on Petco Health and Wellness from $26.00 to $20.00 and set a "buy" rating for the company in a report on Wednesday, May 25th. The Goldman Sachs Group dropped their target price 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. UBS Group reduced their price objective on shares of Petco Health and Wellness to $17.00 in a research note on Wednesday, May 25th. Finally, Wedbush dropped their target price on Petco Health and Wellness from $25.00 to $18.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 26th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Petco Health and Wellness presently has a consensus rating of "Moderate Buy" and an average target price of $22.40.
Insider Activity at Petco Health and Wellness
In other news, insider Justin Tichy sold 6,500 shares of the stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $15.74, for a total value of $102,310.00. Following the sale, the insider now owns 78,142 shares in the company, valued at $1,229,955.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is owned by insiders.