Petco Health and Wellness (NASDAQ:WOOF) Stock Rating Lowered by Zacks Research

Petco Health and Wellness (NASDAQ:WOOF) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other brokerages also recently issued reports on WOOF. BNP Paribas Exane reduced their price objective on shares of Petco Health and Wellness from $2.34 to $2.11 and set an “underperform” rating for the company in a research report on Thursday, September 3rd. Weiss Ratings raised shares of Petco Health and Wellness from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 22nd. Robert W. Baird boosted their target price on Petco Health and Wellness from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Sunday, September 13th. Finally, UBS Group decreased their price target on Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $3.42.

Petco Health and Wellness Price Performance

WOOF opened at $2.69 on Monday. Petco Health and Wellness has a 1 year low of $2.14 and a 1 year high of $3.78. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.39. The company has a market capitalization of $872.12 million, a price-to-earnings ratio of 26.90, a P/E/G ratio of 2.49 and a beta of 1.51. The firm’s fifty day moving average price is $2.43 and its two-hundred day moving average price is $2.67.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Wednesday, September 2nd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.07 by $0.06. Petco Health and Wellness had a net margin of 0.51% and a return on equity of 3.44%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. As a group, analysts anticipate that Petco Health and Wellness will post 0.10 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WOOF. Rockefeller Capital Management L.P. grew its holdings in Petco Health and Wellness by 14.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company’s stock valued at $66,000 after purchasing an additional 2,988 shares during the period. International Assets Investment Management LLC lifted its position in shares of Petco Health and Wellness by 63.9% during the 1st quarter. International Assets Investment Management LLC now owns 12,825 shares of the company’s stock valued at $35,000 after buying an additional 5,000 shares during the last quarter. HB Wealth Management LLC purchased a new position in shares of Petco Health and Wellness during the 1st quarter valued at $34,000. R Squared Ltd bought a new position in shares of Petco Health and Wellness during the 1st quarter worth $36,000. Finally, Verus Capital Partners LLC bought a new position in shares of Petco Health and Wellness during the 3rd quarter worth $31,000.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc is a U.S.-based pet health and wellness retailer operating under the Petco brand. The company serves pet owners through a combination of brick-and-mortar stores, digital commerce channels and service locations, offering products and services for dogs, cats, fish, birds, reptiles and other companion animals.

Petco’s merchandise includes pet food, treats, toys, bedding, habitats, grooming supplies and other everyday care products. Its services include veterinary care, grooming, training, adoption support and other wellness offerings.