Zacks Research Downgrades Petco Health and Wellness (NASDAQ:WOOF) to Hold

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

A number of other equities research analysts have also recently issued reports on WOOF. Wall Street Zen upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. The Goldman Sachs Group downgraded shares of Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price objective on the stock. in a report on Monday, April 13th. Evercore reduced their price objective on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a research note on Tuesday, February 3rd. UBS Group raised their price objective on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a report on Monday, March 16th. Finally, Jefferies Financial Group raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and raised their price objective for the stock from $4.05 to $5.00 in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.04.

Petco Health and Wellness Stock Down 3.1%

WOOF stock opened at $2.47 on Monday. The firm has a market capitalization of $795.71 million, a P/E ratio of 82.33, a P/E/G ratio of 3.31 and a beta of 1.53. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.38. The company’s 50 day simple moving average is $2.82 and its 200-day simple moving average is $2.85. Petco Health and Wellness has a 52-week low of $2.24 and a 52-week high of $4.51.

Petco Health and Wellness (NASDAQ:WOOF) last posted its earnings results on Wednesday, March 11th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. Petco Health and Wellness had a return on equity of 0.89% and a net margin of 0.15%.The business’s revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) earnings per share. As a group, equities research analysts anticipate that Petco Health and Wellness will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WOOF. Caitong International Asset Management Co. Ltd lifted its position in shares of Petco Health and Wellness by 425.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock valued at $30,000 after buying an additional 8,519 shares in the last quarter. Abel Hall LLC bought a new position in shares of Petco Health and Wellness during the 4th quarter valued at approximately $31,000. Cibc World Market Inc. bought a new position in Petco Health and Wellness in the 4th quarter valued at $32,000. HB Wealth Management LLC bought a new position in Petco Health and Wellness in the 1st quarter valued at $34,000. Finally, Quantbot Technologies LP bought a new position in shares of Petco Health and Wellness during the 3rd quarter worth $34,000.

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.