Posted by admin on Apr 20th, 2022 
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) has been assigned an average rating of “Buy” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $25.20.
A number of equities research analysts have recently commented on WOOF shares. StockNews.com started coverage on Petco Health and Wellness in a research report on Thursday, March 31st. They set a “buy” rating for the company. Wedbush increased their price objective on Petco Health and Wellness from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, March 29th. Wells Fargo & Company restated a “buy” rating and issued a $30.00 target price on shares of Petco Health and Wellness in a report on Thursday, March 24th. Citigroup increased their target price on Petco Health and Wellness from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, April 14th. Finally, Zacks Investment Research lowered Petco Health and Wellness from a “buy” rating to a “hold” rating in a report on Tuesday, February 8th.
Large investors have recently modified their holdings of the company. Fifth Third Bancorp lifted its stake in shares of Petco Health and Wellness by 11.3% in the first quarter. Fifth Third Bancorp now owns 19,593 shares of the company’s stock valued at $383,000 after buying an additional 1,997 shares during the period. Norges Bank bought a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $44,989,000. Walleye Capital LLC bought a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $500,000. BlackRock Inc. lifted its stake in shares of Petco Health and Wellness by 46.1% in the fourth quarter. BlackRock Inc. now owns 3,642,989 shares of the company’s stock valued at $72,095,000 after buying an additional 1,148,949 shares during the period. Finally, Woodline Partners LP lifted its stake in shares of Petco Health and Wellness by 33.0% in the fourth quarter. Woodline Partners LP now owns 488,790 shares of the company’s stock valued at $9,673,000 after buying an additional 121,237 shares during the period. 65.22% of the stock is currently owned by institutional investors.
Shares of NASDAQ WOOF opened at $22.40 on Wednesday. The stock has a fifty day moving average price of $19.41 and a two-hundred day moving average price of $20.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.38 and a current ratio of 1.02. The firm has a market cap of $5.09 billion, a P/E ratio of 36.13, a PEG ratio of 0.50 and a beta of 1.60. Petco Health and Wellness has a 1 year low of $16.22 and a 1 year high of $28.73.
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last issued its quarterly earnings results on Tuesday, March 8th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Petco Health and Wellness had a return on equity of 9.49% and a net margin of 2.83%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. On average, research analysts predict that Petco Health and Wellness will post 0.89 earnings per share for the current fiscal year.
About Petco Health and Wellness (Get Rating)
Petco Health and Wellness Company, Inc operates as a retailer of premium pet consumables, supplies, and companion animals and services. The company also offers grooming, in-store and online training, tele-veterinarian, and pet health insurance services, as well as veterinary services through Vetco clinics.
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