Posted by admin on Apr 19th, 2022 
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.970-$1.000 for the period, compared to the Thomson Reuters consensus 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 brokerages recently issued reports on WOOF. Wedbush raised their price objective on shares of Petco Health and Wellness from $23.00 to $25.00 and gave the company an outperform rating in a report on Tuesday, March 29th. Citigroup raised their price target on shares of Petco Health and Wellness from $26.00 to $28.00 and gave the stock a buy rating in a report on Thursday, April 14th. Wells Fargo & Company reaffirmed a buy rating and set a $30.00 price objective on shares of Petco Health and Wellness in a research report on Thursday, March 24th. StockNews.com began coverage on shares of Petco Health and Wellness in a research report on Thursday, March 31st. They set a buy rating for the company. Finally, Zacks Investment Research downgraded shares of Petco Health and Wellness from a buy rating to a hold rating in a research report on Tuesday, February 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Petco Health and Wellness currently has an average rating of Buy and a consensus target price of $24.82.
NASDAQ WOOF opened at $21.72 on Tuesday. 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 company has a market cap of $4.94 billion, a P/E ratio of 35.03, a PEG ratio of 0.50 and a beta of 1.60. The company has a fifty day simple moving average of $19.35 and a 200 day simple moving average of $20.28. 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 posted its quarterly earnings data on Tuesday, March 8th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Petco Health and Wellness had a net margin of 2.83% and a return on equity of 9.49%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 EPS. Sell-side analysts predict that Petco Health and Wellness will post 0.89 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of WOOF. BlackRock Inc. raised its stake in shares of Petco Health and Wellness by 46.1% during the 4th quarter. BlackRock Inc. now owns 3,642,989 shares of the company’s stock worth $72,095,000 after purchasing an additional 1,148,949 shares during the period. Geode Capital Management LLC raised its stake 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 worth $21,687,000 after purchasing an additional 83,799 shares during the period. Millennium Management LLC raised its stake in Petco Health and Wellness by 38.6% in the 4th quarter. Millennium Management LLC now owns 1,002,062 shares of the company’s stock valued at $19,831,000 after acquiring an additional 279,030 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Petco Health and Wellness by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 596,567 shares of the company’s stock valued at $11,807,000 after acquiring an additional 14,330 shares during the period. Finally, Morgan Stanley raised its stake in Petco Health and Wellness by 133.9% in the 2nd quarter. Morgan Stanley now owns 270,874 shares of the company’s stock valued at $6,070,000 after acquiring an additional 155,085 shares during the period. 65.22% of the stock is currently owned by hedge funds and other institutional investors.
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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