Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Average Recommendation of “Hold” by Analysts

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has received an average rating of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $3.9580.

A number of analysts have recently commented on the company. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Monday, December 29th. Evercore ISI raised their target price on shares of Petco Health and Wellness from $3.00 to $4.00 and gave the company an “in-line” rating in a research note on Wednesday, November 26th. Finally, Zacks Research downgraded shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th.

Petco Health and Wellness Trading Down 0.7%

Shares of NASDAQ WOOF opened at $2.81 on Friday. Petco Health and Wellness has a fifty-two week low of $2.28 and a fifty-two week high of $4.51. The firm has a market capitalization of $896.50 million, a P/E ratio of -280.72 and a beta of 1.72. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.91 and a quick ratio of 0.35. The company’s 50 day simple moving average is $2.98 and its 200 day simple moving average is $3.26.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Tuesday, November 25th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. Petco Health and Wellness had a negative net margin of 0.04% and a positive return on equity of 0.46%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the company posted ($0.02) EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts predict that Petco Health and Wellness will post -0.22 EPS for the current year.

Insider Activity

In other news, CRO Patrick J. Venezia sold 74,192 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $3.08, for a total transaction of $228,511.36. Following the sale, the executive directly owned 474,848 shares of the company’s stock, valued at approximately $1,462,531.84. This represents a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Petco Health and Wellness

Several hedge funds have recently modified their holdings of the company. Financial Management Professionals Inc. bought a new stake in shares of Petco Health and Wellness in the 3rd quarter valued at about $26,000. Quantbot Technologies LP bought a new position in Petco Health and Wellness during the 3rd quarter worth approximately $34,000. National Bank of Canada FI acquired a new position in shares of Petco Health and Wellness in the 3rd quarter worth approximately $35,000. Quarry LP bought a new stake in shares of Petco Health and Wellness in the 3rd quarter valued at $38,000. Finally, Brookwood Investment Group LLC acquired a new stake in shares of Petco Health and Wellness during the second quarter worth $28,000.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.