Petco Health and Wellness (NASDAQ:WOOF) Receives New Coverage from Analysts at Royal Bank of Canada – MarketBeat

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Analysts at Royal Bank of Canada initiated coverage on shares of Petco Health and Wellness (NASDAQ:WOOFGet Rating) in a research report issued to clients and investors on Tuesday, The Fly reports. The firm set an “outperform” rating on the stock.
A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Petco Health and Wellness from $27.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, August 12th. The Goldman Sachs Group cut their price target on shares of Petco Health and Wellness from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, June 27th. Robert W. Baird cut their price target on shares of Petco Health and Wellness from $25.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 24th. Wedbush cut their price target on shares of Petco Health and Wellness from $25.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 26th. Finally, Morgan Stanley cut their price target on shares of Petco Health and Wellness from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 25th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.56.

Petco Health and Wellness Trading Down 0.9 %

Shares of NASDAQ:WOOF traded down $0.13 during trading on Tuesday, hitting $14.50. 68,945 shares of the company’s stock were exchanged, compared to its average volume of 2,905,128. Petco Health and Wellness has a 1-year low of $12.88 and a 1-year high of $26.21. The firm has a 50-day moving average price of $15.13 and a two-hundred day moving average price of $17.36. The company has a current ratio of 0.98, a quick ratio of 0.28 and a debt-to-equity ratio of 0.72. The firm has a market cap of $3.30 billion, a P/E ratio of 32.22, a PEG ratio of 2.96 and a beta of 0.61.
Petco Health and Wellness (NASDAQ:WOOFGet Rating) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). Petco Health and Wellness had a return on equity of 7.96% and a net margin of 2.03%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities analysts predict that Petco Health and Wellness will post 0.66 earnings per share for the current year.

Insider Transactions at Petco Health and Wellness

In other news, insider Justin Tichy sold 6,500 shares of the stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $15.74, for a total value of $102,310.00. Following the completion of the transaction, the insider now owns 78,142 shares of the company’s stock, valued at $1,229,955.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.55% of the company’s stock.

Institutional Trading of Petco Health and Wellness

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC acquired a new stake in shares of Petco Health and Wellness during the 1st quarter worth approximately $25,000. Assetmark Inc. lifted its holdings in shares of Petco Health and Wellness by 144.8% in the 2nd quarter. Assetmark Inc. now owns 1,863 shares of the company’s stock worth $27,000 after purchasing an additional 1,102 shares in the last quarter. Samalin Investment Counsel LLC lifted its holdings in shares of Petco Health and Wellness by 100.0% in 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 in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Petco Health and Wellness by 470.4% in the 2nd quarter. Parallel Advisors LLC now owns 3,850 shares of the company’s stock worth $57,000 after purchasing an additional 3,175 shares in the last quarter. Finally, First Horizon Advisors Inc. bought a new position in shares of Petco Health and Wellness in the 2nd quarter worth $70,000. Institutional investors and hedge funds own 68.23% 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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Analyst Recommendations for Petco Health and Wellness (NASDAQ:WOOF)
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