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

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have received an average recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $3.42.

A number of research analysts have recently weighed in on WOOF shares. UBS Group cut their price target on Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, September 3rd. BNP Paribas Exane dropped their price objective on Petco Health and Wellness from $2.34 to $2.11 and set an “underperform” rating for the company in a report on Thursday, September 3rd. Robert W. Baird raised their target price on Petco Health and Wellness from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. Wall Street Zen upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Sunday, September 13th. Finally, Zacks Research raised Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th.

Petco Health and Wellness Stock Down 0.5%

Shares of NASDAQ:WOOF opened at $2.18 on Thursday. Petco Health and Wellness has a one year low of $2.14 and a one year high of $3.88. The company has a 50 day moving average of $2.60 and a 200-day moving average of $2.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.39. The stock has a market cap of $706.78 million, a price-to-earnings ratio of 21.80, a P/E/G ratio of 1.99 and a beta of 1.59.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. Petco Health and Wellness had a net margin of 0.51% and a return on equity of 3.44%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm posted $0.05 earnings per share. On average, sell-side analysts forecast that Petco Health and Wellness will post 0.1 earnings per share for the current year.

Insider Buying and Selling at Petco Health and Wellness

In other news, insider Holly May sold 200,000 shares of Petco Health and Wellness stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $2.54, for a total transaction of $508,000.00. Following the transaction, the insider directly owned 1,327,867 shares of the company’s stock, valued at $3,372,782.18. This trade represents a 13.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Petco Health and Wellness

A number of hedge funds have recently modified their holdings of WOOF. Renaissance Technologies LLC acquired a new position in shares of Petco Health and Wellness in the 1st quarter valued at approximately $1,455,000. Hillsdale Investment Management Inc. acquired a new stake in Petco Health and Wellness during the 1st quarter worth approximately $3,883,000. Dimensional Fund Advisors LP lifted its stake in Petco Health and Wellness by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 10,111,061 shares of the company’s stock valued at $28,107,000 after buying an additional 655,567 shares in the last quarter. Squarepoint Ops LLC bought a new position in Petco Health and Wellness in the second quarter valued at approximately $723,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Petco Health and Wellness in the first quarter valued at approximately $527,000.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc is a pet health and wellness retailer that provides products, services and advice for companion animals. The company sells pet food, treats, supplies, toys, habitats and other merchandise for dogs, cats, fish, birds, reptiles and small animals through its retail stores and e-commerce platforms.

In addition to merchandise, Petco offers a range of services designed to support pet care, including veterinary care, grooming, training, vaccinations, nutrition guidance and adoption services.