Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have received an average rating of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $3.36.

Several research analysts recently weighed in on WOOF shares. Citigroup upped their price objective on shares of Petco Health and Wellness from $3.00 to $4.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. UBS Group increased their price target on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a report on Thursday, May 23rd. Royal Bank of Canada lifted their price objective on shares of Petco Health and Wellness from $2.70 to $3.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Wedbush reissued an “outperform” rating and issued a $5.00 target price (up previously from $4.00) on shares of Petco Health and Wellness in a research note on Thursday, July 18th. Finally, Bank of America restated an “underperform” rating and set a $1.50 price target (down previously from $5.00) on shares of Petco Health and Wellness in a research report on Tuesday, April 2nd.

Petco Health and Wellness Stock Down 5.4 %

Shares of NASDAQ:WOOF opened at $3.35 on Tuesday. The firm has a fifty day moving average price of $3.49 and a two-hundred day moving average price of $2.66. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -0.68 and a beta of 1.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.21. Petco Health and Wellness has a one year low of $1.41 and a one year high of $8.45.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.03. Petco Health and Wellness had a negative return on equity of 4.22% and a negative net margin of 21.27%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. Analysts anticipate that Petco Health and Wellness will post -0.24 EPS for the current fiscal year.

Insider Activity

In related news, Director Cameron Breitner purchased 750,000 shares of Petco Health and Wellness stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average cost of $3.14 per share, for a total transaction of $2,355,000.00. Following the transaction, the director now directly owns 750,000 shares in the company, valued at $2,355,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Petco Health and Wellness

Several institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Petco Health and Wellness in the first quarter valued at about $30,000. Norden Group LLC purchased a new position in Petco Health and Wellness during the 1st quarter valued at about $31,000. HB Wealth Management LLC bought a new position in Petco Health and Wellness during the 1st quarter valued at approximately $49,000. Delap Wealth Advisory LLC purchased a new stake in Petco Health and Wellness in the 1st quarter worth approximately $49,000. Finally, Pallas Capital Advisors LLC bought a new stake in shares of Petco Health and Wellness in the 2nd quarter worth approximately $58,000.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. 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.