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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOFGet Rating) – Research analysts at Wedbush upped their Q4 2024 earnings estimates for shares of Petco Health and Wellness in a research report issued on Wednesday, March 15th. Wedbush analyst S. Basham now anticipates that the company will post earnings of $0.23 per share 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.

A number of other research firms also recently issued reports on WOOF. Needham & Company LLC dropped their target price on shares of Petco Health and Wellness from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, November 28th. Morgan Stanley dropped their target price on shares of Petco Health and Wellness from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 17th. StockNews.com began coverage on shares of Petco Health and Wellness in a research report on Thursday. They set a “hold” rating on the stock. Citigroup downgraded shares of Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research report on Monday, March 13th. Finally, UBS Group dropped their target price on shares of Petco Health and Wellness from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, December 1st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.67.

Petco Health and Wellness Stock Down 3.8 %

Shares of NASDAQ WOOF opened at $9.81 on Friday. The company has a market capitalization of $2.24 billion, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 3.56 and a beta of 1.06. Petco Health and Wellness has a 52-week low of $8.72 and a 52-week high of $22.75. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.28 and a current ratio of 0.96. The company’s 50 day moving average price is $10.74 and its 200-day moving average price is $11.00.

Institutional Trading of Petco Health and Wellness

Several institutional investors have recently made changes to their positions in WOOF. Advisor Group Holdings Inc. boosted its holdings in shares of Petco Health and Wellness by 71.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 34,560 shares of the company’s stock worth $353,000 after buying an additional 14,371 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Petco Health and Wellness in the 1st quarter worth about $349,000. Bank of New York Mellon Corp boosted its holdings in shares of Petco Health and Wellness by 422.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,451,917 shares of the company’s stock worth $28,416,000 after buying an additional 1,174,228 shares during the last quarter. Cetera Advisor Networks LLC purchased a new position in shares of Petco Health and Wellness in the 1st quarter worth about $265,000. Finally, MetLife Investment Management LLC purchased a new position in shares of Petco Health and Wellness in the 1st quarter worth about $25,000. 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.

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Earnings History and Estimates for Petco Health and Wellness (NASDAQ:WOOF)

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