Posted by admin on Jul 12th, 2022 
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) insider Justin Tichy sold 6,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 78,142 shares of the company’s stock, valued at $1,229,955.08. The sale was disclosed in a legal filing with the SEC, which is available at this link.
WOOF opened at $15.37 on Tuesday. The company’s 50 day moving average price is $16.59 and its two-hundred day moving average price is $18.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.04 and a quick ratio of 0.36. Petco Health and Wellness Company, Inc. has a fifty-two week low of $13.71 and a fifty-two week high of $26.21. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.68 and a beta of 0.97.
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last posted its quarterly earnings data on Tuesday, May 24th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Petco Health and Wellness had a net margin of 3.09% and a return on equity of 8.93%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the firm posted $0.17 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts predict that Petco Health and Wellness Company, Inc. will post 0.87 EPS for the current year.
Several large investors have recently bought and sold shares of WOOF. Invesco Ltd. boosted its stake in shares of Petco Health and Wellness by 10.4% in the 3rd quarter. Invesco Ltd. now owns 76,810 shares of the company’s stock valued at $1,621,000 after purchasing an additional 7,229 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of Petco Health and Wellness in the 3rd quarter valued at $25,000. UBS Asset Management Americas Inc. lifted its position in shares of Petco Health and Wellness by 41.9% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 100,471 shares of the company’s stock valued at $2,120,000 after acquiring an additional 29,670 shares during the period. Spire Wealth Management lifted its position in shares of Petco Health and Wellness by 40,484.0% during the 4th quarter. Spire Wealth Management now owns 20,292 shares of the company’s stock valued at $402,000 after acquiring an additional 20,242 shares during the period. Finally, EWG Elevate Inc. acquired a new position in shares of Petco Health and Wellness during the 4th quarter valued at $587,000. 62.52% of the stock is currently owned by institutional investors.
WOOF has been the subject of several analyst reports. Wedbush boosted their target price on shares of 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. UBS Group dropped their target price on shares of Petco Health and Wellness to $17.00 in a research report on Wednesday, May 25th. The Goldman Sachs Group decreased 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. Robert W. Baird decreased their price target on shares of Petco Health and Wellness from $25.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, May 24th. Finally, Citigroup decreased their price target 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.58.
Petco Health and Wellness Company Profile (Get Rating)
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.
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