Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) have earned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $11.75.

A number of equities analysts have commented on the company. Citigroup reduced their price objective on Petco Health and Wellness from $11.00 to $8.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 28th. Wells Fargo & Company reduced their price objective on Petco Health and Wellness from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 15th. Bank of America reduced their price objective on Petco Health and Wellness from $18.00 to $14.50 and set a “buy” rating on the stock in a research note on Wednesday, March 29th. Gordon Haskett assumed coverage on Petco Health and Wellness in a research note on Friday, April 28th. They issued a “hold” rating and a $10.00 price objective on the stock. Finally, Robert W. Baird reduced their price objective on Petco Health and Wellness from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 22nd.

Insider Activity at Petco Health and Wellness

In related news, CEO Ron Coughlin acquired 61,040 shares of the company’s stock in a transaction that occurred on Tuesday, March 28th. The stock was acquired at an average price of $8.27 per share, for a total transaction of $504,800.80. Following the completion of the acquisition, the chief executive officer now owns 618,317 shares of the company’s stock, valued at approximately $5,113,481.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Institutional Investors 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 stock. Ameriprise Financial Inc. increased its holdings in Petco Health and Wellness by 40.0% in the first quarter. Ameriprise Financial Inc. now owns 238,963 shares of the company’s stock valued at $2,151,000 after purchasing an additional 68,238 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Petco Health and Wellness by 4.9% in the first quarter. JPMorgan Chase & Co. now owns 4,735,259 shares of the company’s stock valued at $42,618,000 after acquiring an additional 220,155 shares during the period. Advisory Services Network LLC grew its stake in Petco Health and Wellness by 61.9% in the first quarter. Advisory Services Network LLC now owns 4,065 shares of the company’s stock valued at $37,000 after acquiring an additional 1,554 shares during the period. State Street Corp grew its stake in Petco Health and Wellness by 24.0% in the first quarter. State Street Corp now owns 1,811,020 shares of the company’s stock valued at $16,299,000 after acquiring an additional 350,453 shares during the period. Finally, First Trust Advisors LP grew its stake in Petco Health and Wellness by 629.6% in the first quarter. First Trust Advisors LP now owns 1,015,376 shares of the company’s stock valued at $9,138,000 after acquiring an additional 876,216 shares during the period. Institutional investors own 62.27% of the company’s stock.

Petco Health and Wellness Price Performance

Shares of WOOF stock opened at $8.33 on Thursday. The stock’s fifty day simple moving average is $9.50 and its 200 day simple moving average is $10.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.99 and a quick ratio of 0.36. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 11.78 and a beta of 1.02. Petco Health and Wellness has a one year low of $7.29 and a one year high of $17.17.

Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last announced its quarterly earnings results on Wednesday, March 22nd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.55 billion. Petco Health and Wellness had a net margin of 1.50% and a return on equity of 6.57%. On average, analysts expect that Petco Health and Wellness will post 0.33 earnings per share for the current fiscal year.

About Petco Health and Wellness

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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.