Petco Health and Wellness (NASDAQ:WOOF) Stock Crosses Above 200-Day Moving Average – Here’s Why

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.97 and traded as high as $3.10. Petco Health and Wellness shares last traded at $2.98, with a volume of 1,165,829 shares.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WOOF. Citigroup increased their target price on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, March 16th. UBS Group increased their target price on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, March 16th. Zacks Research upgraded shares of Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Evercore lowered 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 report on Tuesday, February 3rd. Finally, The Goldman Sachs Group cut 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 research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.04.

Petco Health and Wellness Stock Performance

The company’s 50-day moving average price is $2.76 and its two-hundred day moving average price is $2.97. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.38 and a current ratio of 0.90. The stock has a market cap of $963.23 million, a PE ratio of 99.67, a PEG ratio of 3.90 and a beta of 1.62.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Petco Health and Wellness had a net margin of 0.15% and a return on equity of 0.89%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS. On average, equities research analysts forecast that Petco Health and Wellness Company, Inc. will post 0.07 EPS for the current year.

Hedge Funds Weigh In On Petco Health and Wellness

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of Petco Health and Wellness by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,455,494 shares of the company’s stock valued at $26,571,000 after purchasing an additional 143,688 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Petco Health and Wellness by 8.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,416,496 shares of the company’s stock valued at $32,572,000 after purchasing an additional 621,026 shares during the last quarter. Holocene Advisors LP grew its holdings in shares of Petco Health and Wellness by 42.0% during the 3rd quarter. Holocene Advisors LP now owns 6,091,656 shares of the company’s stock valued at $23,575,000 after purchasing an additional 1,800,583 shares during the last quarter. Nuveen LLC grew its holdings in shares of Petco Health and Wellness by 81.9% during the 4th quarter. Nuveen LLC now owns 3,998,724 shares of the company’s stock valued at $11,236,000 after purchasing an additional 1,800,860 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Petco Health and Wellness by 60.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock valued at $11,095,000 after purchasing an additional 1,367,299 shares during the last quarter.

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.