Posted by admin on Apr 12th, 2022 
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $0.970-$1.000 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.990. The company issued revenue guidance of $6.15 billion-$6.25 billion, compared to the consensus revenue estimate of $6.20 billion.
A number of research analysts recently commented on the company. StockNews.com assumed coverage on Petco Health and Wellness in a report on Thursday, March 31st. They issued a buy rating for the company. 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. Needham & Company LLC started coverage on Petco Health and Wellness in a report on Thursday, December 16th. They issued a buy rating and a $30.00 price target for the company. Citigroup reduced their target price on Petco Health and Wellness from $29.00 to $25.00 in a report on Tuesday, January 18th. Finally, Wedbush increased their target price 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Petco Health and Wellness has a consensus rating of Buy and a consensus target price of $24.55.
Shares of NASDAQ WOOF opened at $20.67 on Tuesday. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 0.48 and a beta of 1.60. Petco Health and Wellness has a 12-month low of $16.22 and a 12-month high of $28.73. The company has a current ratio of 1.02, a quick ratio of 0.38 and a debt-to-equity ratio of 0.73. The stock’s 50 day simple moving average is $19.06 and its 200 day simple moving average is $20.30.
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last announced its quarterly earnings results on Tuesday, March 8th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The business 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%. The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. As a group, equities analysts forecast that Petco Health and Wellness will post 0.89 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of WOOF. BlackRock Inc. increased its position in Petco Health and Wellness by 46.1% in the 4th quarter. BlackRock Inc. now owns 3,642,989 shares of the company’s stock valued at $72,095,000 after acquiring an additional 1,148,949 shares during the period. Millennium Management LLC increased its position in shares of Petco Health and Wellness by 38.6% during the 4th quarter. Millennium Management LLC now owns 1,002,062 shares of the company’s stock valued at $19,831,000 after purchasing an additional 279,030 shares during the period. Morgan Stanley increased its position in shares of Petco Health and Wellness by 133.9% during the 2nd quarter. Morgan Stanley now owns 270,874 shares of the company’s stock valued at $6,070,000 after purchasing an additional 155,085 shares during the period. Geode Capital Management LLC increased its position in shares of Petco Health and Wellness by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 1,095,896 shares of the company’s stock valued at $21,687,000 after purchasing an additional 83,799 shares during the period. Finally, Comerica Bank acquired a new position in shares of Petco Health and Wellness during the 4th quarter valued at $1,155,000. Hedge funds and other institutional investors own 65.22% of the company’s stock.
About Petco Health and Wellness (Get Rating)
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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Posted by admin on Apr 12th, 2022 Petco Health and Wellness (NASDAQ:WOOF – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $0.970-$1.000 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.990. The company issued revenue guidance of $6.15 billion-$6.25 billion, compared to the consensus revenue estimate of $6.20 billion.
Several research firms recently commented on WOOF. Needham & Company LLC began coverage on Petco Health and Wellness in a research report on Thursday, December 16th. They issued a buy rating and a $30.00 target price on the stock. Citigroup lowered their target price on Petco Health and Wellness from $29.00 to $25.00 in a research report on Tuesday, January 18th. Zacks Investment Research cut Petco Health and Wellness from a buy rating to a hold rating in a research report on Tuesday, February 8th. Wedbush lifted their price target on 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. Finally, Wells Fargo & Company reiterated 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Buy and an average target price of $24.55.
Shares of Petco Health and Wellness stock opened at $20.67 on Tuesday. The stock has a market cap of $4.70 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 0.48 and a beta of 1.60. The business has a fifty day simple moving average of $19.06 and a 200-day simple moving average of $20.30. The company has a quick ratio of 0.38, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. Petco Health and Wellness has a 12 month low of $16.22 and a 12 month high of $28.73.
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last issued its earnings results on Tuesday, March 8th. The company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations 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 revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. Analysts expect that Petco Health and Wellness will post 0.89 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY increased its stake in shares of Petco Health and Wellness by 442.5% in the fourth 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. LPL Financial LLC increased its stake in shares of Petco Health and Wellness by 8.9% in the fourth quarter. LPL Financial LLC now owns 62,211 shares of the company’s stock worth $1,231,000 after purchasing an additional 5,103 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Petco Health and Wellness in the fourth quarter worth about $115,000. Dimensional Fund Advisors LP bought a new position in shares of Petco Health and Wellness in the third quarter worth about $225,000. Finally, Sei Investments Co. bought a new position in shares of Petco Health and Wellness in the fourth quarter worth about $231,000. 65.22% of the stock is owned by hedge funds and other institutional investors.
Petco Health and Wellness Company Profile (Get Rating)
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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