Posted by admin on Jun 9th, 2022 
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) has been given an average rating of “Hold” by the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $22.73.
Several analysts have commented on WOOF shares. Zacks Investment Research lowered shares of Petco Health and Wellness from a “hold” rating to a “sell” rating in a research report on Thursday, May 26th. Wells Fargo & Company reissued a “buy” rating and set a $30.00 price target on shares of Petco Health and Wellness in a research report on Thursday, March 24th. Citigroup decreased 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 research report on Wednesday, May 25th. Morgan Stanley began coverage on shares of Petco Health and Wellness in a research report on Monday, May 16th. They issued an “equal weight” rating and a $21.00 price objective for the company. Finally, Robert W. Baird decreased 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 research report on Tuesday, May 24th.
WOOF stock opened at $16.08 on Thursday. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.70 and a beta of 1.08. The firm has a 50-day simple moving average of $18.91 and a two-hundred day simple moving average of $18.97. Petco Health and Wellness has a one year low of $13.71 and a one year high of $28.73. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 1.04.
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 the consensus estimate of $0.15 by $0.02. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. Petco Health and Wellness had a net margin of 3.09% and a return on equity of 8.93%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share. As a group, equities analysts predict that Petco Health and Wellness will post 0.87 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Moors & Cabot Inc. purchased a new position in Petco Health and Wellness during the 3rd quarter worth approximately $25,000. Metropolitan Life Insurance Co NY grew its stake in shares of Petco Health and Wellness by 442.5% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,264 shares of the company’s stock worth $25,000 after purchasing an additional 1,031 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Petco Health and Wellness during the 1st quarter worth approximately $25,000. Samalin Investment Counsel LLC grew its stake in shares of Petco Health and Wellness by 100.0% during the 4th quarter. Samalin Investment Counsel LLC now owns 2,000 shares of the company’s stock worth $40,000 after purchasing an additional 1,000 shares during the period. Finally, Chimera Capital Management LLC acquired a new stake in shares of Petco Health and Wellness during the 4th quarter worth approximately $52,000. 62.52% of the stock is owned by institutional investors.
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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