Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) PT at $3.96

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have earned an average rating of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $3.9580.

WOOF has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Petco Health and Wellness in a research note on Monday. Evercore ISI increased their target price on shares of Petco Health and Wellness from $3.00 to $4.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 26th. Wall Street Zen upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Finally, Zacks Research cut shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th.

Insiders Place Their Bets

In other Petco Health and Wellness news, CRO Patrick J. Venezia sold 74,192 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $3.08, for a total value of $228,511.36. Following the completion of the sale, the executive owned 474,848 shares of the company’s stock, valued at $1,462,531.84. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC increased its stake in Petco Health and Wellness by 30.0% during the 1st quarter. Hsbc Holdings PLC now owns 74,237 shares of the company’s stock worth $226,000 after buying an additional 17,148 shares during the period. State of Wyoming acquired a new stake in shares of Petco Health and Wellness during the first quarter valued at about $96,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Petco Health and Wellness during the first quarter worth about $31,000. Ancora Advisors LLC acquired a new position in shares of Petco Health and Wellness in the first quarter worth about $1,187,000. Finally, AQR Capital Management LLC lifted its stake in shares of Petco Health and Wellness by 9.1% in the first quarter. AQR Capital Management LLC now owns 1,274,588 shares of the company’s stock worth $3,887,000 after acquiring an additional 106,295 shares in the last quarter.

Petco Health and Wellness Stock Performance

Petco Health and Wellness stock opened at $2.81 on Tuesday. The stock has a fifty day moving average price of $3.07 and a 200 day moving average price of $3.24. The company has a current ratio of 0.91, a quick ratio of 0.35 and a debt-to-equity ratio of 1.37. Petco Health and Wellness has a 52 week low of $2.28 and a 52 week high of $4.51. The firm has a market capitalization of $896.49 million, a P/E ratio of -280.72 and a beta of 1.71.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly 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. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Petco Health and Wellness had a positive return on equity of 0.46% and a negative net margin of 0.04%.The firm’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.02) EPS. Equities research analysts anticipate that Petco Health and Wellness will post -0.22 earnings per share for the current year.

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.