Posted by admin on May 13th, 2022 
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) had its price target decreased by stock analysts at Citigroup from $28.00 to $26.00 in a research note issued on Friday, The Fly reports. Citigroup’s price objective indicates a potential upside of 42.62% from the company’s current price.
WOOF has been the topic of a number of other reports. StockNews.com assumed coverage on Petco Health and Wellness in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Wells Fargo & Company reissued a “buy” rating and issued a $30.00 price target on shares of Petco Health and Wellness in a report on Thursday, March 24th. Wedbush boosted their price target on Petco Health and Wellness from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, March 29th. Finally, Zacks Investment Research cut Petco Health and Wellness from a “buy” rating to a “hold” rating in a report on Tuesday, February 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Petco Health and Wellness currently has an average rating of “Buy” and an average price target of $24.64.
WOOF opened at $18.23 on Friday. The business’s fifty day moving average is $20.02 and its two-hundred day moving average is $20.10. 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 company has a market cap of $4.15 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 0.47 and a beta of 1.04. Petco Health and Wellness has a one year low of $16.22 and a one year high of $28.73.
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last posted its earnings results on Tuesday, March 8th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Petco Health and Wellness had a return on equity of 9.49% and a net margin of 2.83%. Petco Health and Wellness’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. On average, analysts predict that Petco Health and Wellness will post 0.89 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in WOOF. Moors & Cabot Inc. acquired a new stake in Petco Health and Wellness during the third quarter worth about $25,000. Metropolitan Life Insurance Co NY increased its stake in Petco Health and Wellness by 442.5% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,264 shares of the company’s stock worth $25,000 after acquiring an additional 1,031 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in Petco Health and Wellness during the first quarter worth about $25,000. Samalin Investment Counsel LLC increased its stake in Petco Health and Wellness by 100.0% during the fourth quarter. Samalin Investment Counsel LLC now owns 2,000 shares of the company’s stock worth $40,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Chimera Capital Management LLC acquired a new stake in Petco Health and Wellness during the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.
About Petco Health and Wellness (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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