Wedbush Weighs in on Petco Health and Wellness Company, Inc.’s Q4 2024 Earnings (NASDAQ:WOOF)

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) – Investment analysts at Wedbush boosted their Q4 2024 earnings estimates for Petco Health and Wellness in a research note issued on Wednesday, March 15th. Wedbush analyst S. Basham now anticipates that the company will post earnings per share of $0.23 for the quarter, up from their prior estimate of $0.22. The consensus estimate for Petco Health and Wellness’ current full-year earnings is $0.62 per share. Wedbush also issued estimates for Petco Health and Wellness’ FY2026 earnings at $0.73 EPS.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group cut their target price on shares of Petco Health and Wellness from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, December 1st. Royal Bank of Canada restated an “outperform” rating and set a $14.00 target price on shares of Petco Health and Wellness in a research note on Thursday, February 9th. Wells Fargo & Company lowered their price target on shares of Petco Health and Wellness from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday. Citigroup lowered shares of Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research report on Monday, March 13th. Finally, Robert W. Baird lowered their price target on shares of Petco Health and Wellness from $18.00 to $14.00 in a research report on Wednesday, November 30th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Petco Health and Wellness presently has a consensus rating of “Moderate Buy” and an average price target of $13.67.

Petco Health and Wellness Stock Performance

Shares of WOOF stock opened at $9.81 on Friday. The stock has a market cap of $2.24 billion, a P/E ratio of 30.66, a P/E/G ratio of 3.56 and a beta of 1.06. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.96 and a quick ratio of 0.28. The company has a fifty day moving average price of $10.74 and a two-hundred day moving average price of $11.00. Petco Health and Wellness has a one year low of $8.72 and a one year high of $22.75.

Institutional Trading of Petco Health and Wellness

A number of hedge funds and other institutional investors have recently bought and sold shares of WOOF. MetLife Investment Management LLC bought a new stake in Petco Health and Wellness during the 1st quarter valued at $25,000. Quent Capital LLC grew its stake in shares of Petco Health and Wellness by 546.1% in the 4th quarter. Quent Capital LLC now owns 3,153 shares of the company’s stock worth $30,000 after acquiring an additional 2,665 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Petco Health and Wellness by 607.8% in the 4th quarter. Deutsche Bank AG now owns 3,829 shares of the company’s stock worth $36,000 after acquiring an additional 3,288 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Petco Health and Wellness by 43.2% in the 4th quarter. Parallel Advisors LLC now owns 6,625 shares of the company’s stock worth $63,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Steph & Co. bought a new stake in shares of Petco Health and Wellness in the 4th quarter worth $64,000. Institutional investors own 62.27% of the company’s stock.

Petco Health and Wellness Company Profile

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Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. 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.