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

Zacks Research lowered shares of Petco Health and Wellness (NASDAQ:WOOF) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on WOOF. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Citigroup increased their price target on Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Monday, March 16th. UBS Group increased their price target on Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Monday, March 16th. Jefferies Financial Group raised Petco Health and Wellness from a “hold” rating to a “buy” rating and increased their price target for the company from $4.05 to $5.00 in a research note on Thursday, March 12th. Finally, Evercore decreased their price target on Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.04.

Petco Health and Wellness Price Performance

Shares of WOOF opened at $2.47 on Monday. Petco Health and Wellness has a 12-month low of $2.24 and a 12-month high of $4.51. The business has a 50-day simple moving average of $2.82 and a two-hundred day simple moving average of $2.85. The company has a quick ratio of 0.38, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The stock has a market cap of $795.71 million, a PE ratio of 82.33, a PEG ratio of 3.31 and a beta of 1.53.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $1.51 billion. Petco Health and Wellness had a net margin of 0.15% and a return on equity of 0.89%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) EPS. Analysts anticipate that Petco Health and Wellness will post 0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Petco Health and Wellness

Large investors have recently added to or reduced their stakes in the business. Nuveen LLC boosted its holdings in Petco Health and Wellness by 81.9% in the fourth quarter. Nuveen LLC now owns 3,998,724 shares of the company’s stock worth $11,236,000 after acquiring an additional 1,800,860 shares in the last quarter. Holocene Advisors LP boosted its holdings in Petco Health and Wellness by 42.0% in the third quarter. Holocene Advisors LP now owns 6,091,656 shares of the company’s stock worth $23,575,000 after acquiring an additional 1,800,583 shares in the last quarter. Candlestick Capital Management LP bought a new position in shares of Petco Health and Wellness in the third quarter valued at approximately $6,772,000. Hillsdale Investment Management Inc. bought a new position in shares of Petco Health and Wellness in the first quarter valued at approximately $3,883,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Petco Health and Wellness by 60.2% in the first 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 in the last quarter.

Petco Health and Wellness Company Profile

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.