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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been given an average recommendation of “Hold” by the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $3.09.

Several equities research analysts recently commented on the company. Wedbush reiterated an “outperform” rating and set a $4.00 target price on shares of Petco Health and Wellness in a report on Wednesday, May 29th. Citigroup dropped their target price on Petco Health and Wellness from $2.85 to $1.75 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Wells Fargo & Company dropped their price objective on Petco Health and Wellness from $3.00 to $2.00 and set an “equal weight” rating on the stock in a report on Monday, March 25th. Bank of America restated an “underperform” rating and set a $1.50 price objective (down from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. Finally, UBS Group lifted their price objective on Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a report on Thursday, May 23rd.

Insider Transactions at Petco Health and Wellness

In other news, Director Cameron Breitner bought 750,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was bought at an average price of $3.14 per share, for a total transaction of $2,355,000.00. Following the transaction, the director now owns 750,000 shares in the company, valued at $2,355,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its position in Petco Health and Wellness by 73.4% during the 3rd quarter. AQR Capital Management LLC now owns 5,225,206 shares of the company’s stock valued at $21,084,000 after purchasing an additional 2,210,988 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in Petco Health and Wellness during the 3rd quarter worth $1,574,000. Vanguard Group Inc. boosted its position in Petco Health and Wellness by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 7,717,125 shares of the company’s stock worth $31,563,000 after acquiring an additional 227,704 shares during the period. Graham Capital Management L.P. acquired a new position in Petco Health and Wellness during the 3rd quarter worth $436,000. Finally, FMR LLC boosted its position in Petco Health and Wellness by 216.2% during the 3rd quarter. FMR LLC now owns 604,446 shares of the company’s stock worth $2,472,000 after acquiring an additional 413,295 shares during the period.

Petco Health and Wellness Stock Performance

Shares of NASDAQ:WOOF opened at $3.34 on Friday. The firm has a market capitalization of $1.04 billion, a PE ratio of -0.68 and a beta of 1.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.21. The business has a 50-day moving average of $2.77 and a two-hundred day moving average of $2.62. Petco Health and Wellness has a 12 month low of $1.41 and a 12 month high of $9.74.

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

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.