Petco Health and Wellness (NASDAQ:WOOF) Stock Rating Lowered by Wall Street Zen
by Teresa Graham · The Cerbat GemPetco Health and Wellness (NASDAQ:WOOF – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
Several other equities research analysts have also weighed in on the company. Citigroup boosted their target price on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Monday, March 16th. UBS Group boosted their target price on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Monday, March 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Monday, December 29th. Jefferies Financial Group upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating and boosted their target price for the stock from $4.05 to $5.00 in a report on Thursday, March 12th. Finally, Evercore reduced their target price on Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.04.
Get Our Latest Analysis on WOOF
Petco Health and Wellness Price Performance
WOOF opened at $2.94 on Friday. The business has a 50 day moving average price of $2.77 and a 200 day moving average price of $2.95. Petco Health and Wellness has a twelve month low of $2.24 and a twelve month high of $4.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.38 and a current ratio of 0.90. The firm has a market cap of $947.12 million, a P/E ratio of 98.00, a price-to-earnings-growth ratio of 3.81 and a beta of 1.62.
Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) last posted its 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). Petco Health and Wellness had a return on equity of 0.89% and a net margin of 0.15%.The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted ($0.05) earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. Research analysts forecast that Petco Health and Wellness will post 0.07 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Financial Management Professionals Inc. acquired a new position in shares of Petco Health and Wellness during the third quarter worth approximately $26,000. Quantbot Technologies LP acquired a new position in shares of Petco Health and Wellness during the third quarter worth approximately $34,000. National Bank of Canada FI acquired a new position in shares of Petco Health and Wellness during the third quarter worth approximately $35,000. Quarry LP acquired a new position in shares of Petco Health and Wellness during the third quarter worth approximately $38,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Petco Health and Wellness by 425.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock worth $30,000 after buying an additional 8,519 shares during the last quarter.
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.