Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
A number of other equities analysts also recently commented on the stock. Zacks Research raised shares of Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. UBS Group lifted their price target on shares of Petco Health and Wellness from $3.25 to $3.70 and gave the company a “neutral” rating in a report on Friday, August 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $4.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, September 3rd. Robert W. Baird raised 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 report on Friday, August 29th. Finally, Wells Fargo & Company upped their target price on Petco Health and Wellness from $3.50 to $4.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3.95.
Get Petco Health and Wellness alerts:
Get Our Latest Report on Petco Health and Wellness
Petco Health and Wellness Stock Performance
Shares of WOOF stock opened at $3.50 on Friday. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -35.00 and a beta of 1.74. Petco Health and Wellness has a one year low of $2.28 and a one year high of $6.29. The company’s 50-day simple moving average is $3.43 and its 200-day simple moving average is $3.16. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.31 and a current ratio of 0.89.
Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Petco Health and Wellness had a negative return on equity of 1.71% and a negative net margin of 0.47%.Petco Health and Wellness’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) earnings per share. Equities analysts anticipate that Petco Health and Wellness will post -0.22 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Petco Health and Wellness
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Long Focus Capital Management LLC acquired a new stake in Petco Health and Wellness in the 1st quarter valued at approximately $12,923,000. Solas Capital Management LLC bought a new position in shares of Petco Health and Wellness in the first quarter worth $9,150,000. Cresset Asset Management LLC acquired a new position in shares of Petco Health and Wellness during the first quarter valued at $7,675,000. Nuveen LLC bought a new stake in shares of Petco Health and Wellness during the first quarter valued at about $6,341,000. Finally, Holocene Advisors LP lifted its holdings in Petco Health and Wellness by 57.5% in the second quarter. Holocene Advisors LP now owns 4,291,073 shares of the company’s stock worth $12,144,000 after purchasing an additional 1,566,709 shares during the period.
Petco Health and Wellness Company Profile
(Get Free Report)
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.
Featured Articles
Five stocks we like better than Petco Health and Wellness
What Do S&P 500 Stocks Tell Investors About the Market?
Pfizer is Locking in New Growth Through a New Acquisition
Canada Bond Market Holiday: How to Invest and Trade
Copper Giant Freeport Slumps but Analysts See 33% Upside
What is a buyback in stocks? A comprehensive guide for investors
The BYD Opportunity: Tesla-Like Growth at a Fraction of the Price
Petco Health and Wellness (NASDAQ:WOOF) Stock Rating Lowered by Wall Street Zen
