Petco Health and Wellness (NASDAQ:WOOF) Issues FY 2021 Earnings Guidance

Petco Health and Wellness (NASDAQ:WOOF) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.860-$0.880 for the period, compared to the Thomson Reuters consensus estimate of $0.860. The company issued revenue guidance of $5.73 billion-$5.78 billion, compared to the consensus revenue estimate of $5.67 billion.

Several research firms have recently commented on WOOF. Jefferies Financial Group lowered 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 research report on Monday, November 15th. UBS Group reduced their price target on shares of Petco Health and Wellness from $27.00 to $22.00 and set a neutral rating on the stock in a research report on Friday, August 20th. Citigroup reduced their price target on shares of Petco Health and Wellness from $33.00 to $29.00 and set a buy rating on the stock in a research report on Friday, November 19th. Credit Suisse Group raised shares of Petco Health and Wellness from a neutral rating to an outperform rating and set a $28.00 price target on the stock in a research report on Friday, August 20th. Finally, Robert W. Baird reaffirmed a buy rating on shares of Petco Health and Wellness in a research report on Tuesday, August 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $26.14.

Shares of NASDAQ:WOOF traded down $0.25 during trading on Thursday, hitting $20.14. The company’s stock had a trading volume of 2,580,706 shares, compared to its average volume of 2,621,744. The business has a 50 day moving average price of $23.04 and a two-hundred day moving average price of $22.35. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.31 and a current ratio of 0.94. Petco Health and Wellness has a fifty-two week low of $17.86 and a fifty-two week high of $31.08.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings results on Wednesday, November 17th. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.37 billion. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, equities analysts anticipate that Petco Health and Wellness will post 0.78 earnings per share for the current fiscal year.

In other Petco Health and Wellness news, CEO Ron Coughlin purchased 46,600 shares of the company’s stock in a transaction on Tuesday, September 7th. The stock was acquired at an average price of $21.72 per share, for a total transaction of $1,012,152.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.02% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Morgan Stanley grew its stake in shares of Petco Health and Wellness by 133.9% during the second quarter. Morgan Stanley now owns 270,874 shares of the company’s stock worth $6,070,000 after purchasing an additional 155,085 shares in the last quarter. UBS Group AG grew its stake in shares of Petco Health and Wellness by 25.3% during the third quarter. UBS Group AG now owns 81,606 shares of the company’s stock worth $1,722,000 after purchasing an additional 16,476 shares in the last quarter. LPL Financial LLC grew its stake in shares of Petco Health and Wellness by 35.7% during the third quarter. LPL Financial LLC now owns 57,108 shares of the company’s stock worth $1,205,000 after purchasing an additional 15,033 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Petco Health and Wellness during the third quarter worth $225,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

About Petco Health and Wellness

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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Earnings History and Estimates for Petco Health and Wellness (NASDAQ:WOOF)

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