Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Consensus Rating of "Buy" by Analysts – MarketBeat

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Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have been given a consensus rating of “Buy” by the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have given 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 $24.83.
A number of brokerages have recently issued reports on WOOF. Jefferies Financial Group downgraded shares of Petco Health and Wellness from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a report on Monday, November 15th. Wedbush upgraded shares of Petco Health and Wellness from a “neutral” rating to an “outperform” rating and set a $23.00 target price on the stock in a report on Monday, December 6th. Citigroup dropped their price target on Petco Health and Wellness from $29.00 to $25.00 in a research note on Tuesday, January 18th. Zacks Investment Research raised Petco Health and Wellness from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday. Finally, Needham & Company LLC started coverage on Petco Health and Wellness in a research report on Thursday, December 16th. They set a “buy” rating and a $30.00 price objective for the company.
In other Petco Health and Wellness news, CFO Brian Larose purchased 5,125 shares of the firm’s stock in a transaction on Monday, December 6th. The stock was bought at an average cost of $19.45 per share, for a total transaction of $99,681.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.02% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. acquired a new stake in Petco Health and Wellness during the fourth quarter worth about $236,000. Advisor Group Holdings Inc. grew its holdings in Petco Health and Wellness by 17.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 20,189 shares of the company’s stock worth $401,000 after acquiring an additional 2,959 shares during the period. Emerald Mutual Fund Advisers Trust grew its holdings in Petco Health and Wellness by 30.1% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 574,971 shares of the company’s stock valued at $11,379,000 after purchasing an additional 133,130 shares during the period. Fifth Third Bancorp acquired a new stake in Petco Health and Wellness in the fourth quarter valued at approximately $348,000. Finally, Greystone Financial Group LLC grew its holdings in Petco Health and Wellness by 28.0% in the fourth quarter. Greystone Financial Group LLC now owns 47,679 shares of the company’s stock valued at $944,000 after purchasing an additional 10,435 shares during the period. 61.38% of the stock is currently owned by institutional investors and hedge funds.
WOOF stock traded down $0.06 during mid-day trading on Friday, hitting $18.03. The stock had a trading volume of 6,152 shares, compared to its average volume of 2,047,262. The firm has a market capitalization of $4.09 billion and a P/E ratio of 37.25. The company has a current ratio of 0.96, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $19.02 and a 200 day simple moving average of $20.95. Petco Health and Wellness has a 52 week low of $17.00 and a 52 week high of $28.73.
Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Wednesday, November 17th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. Petco Health and Wellness had a net margin of 2.30% and a return on equity of 8.27%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.37 billion. The company’s revenue was up 14.6% compared to the same quarter last year. As a group, equities analysts expect that Petco Health and Wellness will post 0.75 earnings per share for the current fiscal year.
Petco Health and Wellness Company Profile
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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Analyst Recommendations for Petco Health and Wellness (NASDAQ:WOOF)
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