Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $3.73, but opened at $3.95. Petco Health and Wellness shares last traded at $3.90, with a volume of 491,343 shares trading hands.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Petco Health and Wellness from $3.00 to $4.00 and gave the company a “neutral” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a research note on Thursday, May 23rd. Wedbush reissued an “outperform” rating and issued a $5.00 price target (up previously from $4.00) on shares of Petco Health and Wellness in a research note on Thursday. UBS Group increased their price objective on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a research report on Thursday, May 23rd. Finally, Bank of America reaffirmed an “underperform” rating and set a $1.50 price objective (down previously from $5.00) on shares of Petco Health and Wellness in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.36.
View Our Latest Stock Analysis on Petco Health and Wellness
Petco Health and Wellness Trading Down 4.1 %
The stock’s fifty day simple moving average is $3.36 and its 200-day simple moving average is $2.65. The company has a current ratio of 0.85, a quick ratio of 0.21 and a debt-to-equity ratio of 1.35.
Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. Equities analysts expect that Petco Health and Wellness Company, Inc. will post -0.24 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Cameron Breitner acquired 750,000 shares of Petco Health and Wellness stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average cost of $3.14 per share, for a total transaction of $2,355,000.00. Following the acquisition, the director now owns 750,000 shares of the company’s stock, valued at $2,355,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.
Institutional Investors Weigh In On Petco Health and Wellness
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new stake in Petco Health and Wellness during the 1st quarter worth $30,000. Norden Group LLC acquired a new stake in Petco Health and Wellness during the 1st quarter worth $31,000. Everhart Financial Group Inc. acquired a new stake in Petco Health and Wellness during the 4th quarter worth $41,000. FNY Investment Advisers LLC acquired a new stake in Petco Health and Wellness during the 4th quarter worth $44,000. Finally, HB Wealth Management LLC acquired a new stake in Petco Health and Wellness during the 1st quarter worth $49,000.
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.
See Also
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