Posted by admin on Jul 4th, 2022
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) has been given a consensus recommendation of “Hold” by the fourteen research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $22.58.
A number of analysts have recently issued reports on WOOF shares. Morgan Stanley started coverage on shares of Petco Health and Wellness in a report on Monday, May 16th. They set an “equal weight” rating and a $21.00 price objective for the company. UBS Group dropped their price objective on shares of Petco Health and Wellness to $17.00 in a report on Wednesday, May 25th. StockNews.com downgraded shares of Petco Health and Wellness from a “buy” rating to a “hold” rating in a report on Thursday, May 26th. 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 for the company in a report on Tuesday, May 24th. Finally, Citigroup dropped their price objective on shares of 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.
WOOF opened at $15.11 on Monday. The company has a fifty day moving average price of $17.16 and a 200-day moving average price of $18.50. The firm has a market capitalization of $3.44 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 1.58 and a beta of 0.96. 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 has a one year low of $13.71 and a one year high of $26.21.
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last released its quarterly earnings results 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 firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business earned $0.17 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts expect that Petco Health and Wellness will post 0.87 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new stake in Petco Health and Wellness in the fourth quarter worth about $136,359,000. Mackenzie Financial Corp purchased a new stake in Petco Health and Wellness in the first quarter worth about $128,843,000. Clearbridge Investments LLC grew its holdings in Petco Health and Wellness by 19.8% in the first quarter. Clearbridge Investments LLC now owns 4,432,694 shares of the company’s stock worth $86,748,000 after purchasing an additional 733,842 shares during the period. Neuberger Berman Group LLC grew its holdings in Petco Health and Wellness by 17.7% in the first quarter. Neuberger Berman Group LLC now owns 3,614,597 shares of the company’s stock worth $70,738,000 after purchasing an additional 543,389 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Petco Health and Wellness by 49.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,522,015 shares of the company’s stock worth $49,356,000 after purchasing an additional 837,473 shares during the period. 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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