Petco Health and Wellness (NASDAQ:WOOF) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Petco Health and Wellness (NASDAQ:WOOF) from a hold rating to a buy rating in a research report report published on Sunday morning,Wall Street Zen reports.

Several other equities analysts also recently issued reports on WOOF. BNP Paribas Exane decreased their price objective on shares of Petco Health and Wellness from $2.34 to $2.11 and set an “underperform” rating on the stock in a report on Thursday, September 3rd. Weiss Ratings raised shares of Petco Health and Wellness from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 8th. Zacks Research upgraded shares of Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Citigroup decreased their price target on shares of Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Finally, Robert W. Baird lifted their price objective on Petco Health and Wellness from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $3.42.

Petco Health and Wellness Price Performance

Shares of WOOF stock opened at $2.45 on Friday. The stock has a 50 day moving average of $2.70 and a 200 day moving average of $2.74. The company has a current ratio of 0.90, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The stock has a market cap of $794.31 million, a P/E ratio of 24.50, a P/E/G ratio of 2.22 and a beta of 1.53. Petco Health and Wellness has a twelve month low of $2.24 and a twelve month high of $3.96.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.07 by $0.06. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Petco Health and Wellness had a return on equity of 3.44% and a net margin of 0.51%.During the same quarter in the prior year, the firm posted $0.05 EPS. As a group, sell-side analysts expect that Petco Health and Wellness will post 0.1 EPS for the current year.

Insider Activity

In other news, insider Holly May sold 200,000 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $2.54, for a total value of $508,000.00. Following the completion of the sale, the insider directly owned 1,327,867 shares in the company, valued at $3,372,782.18. This represents a 13.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 450,000 shares of company stock worth $1,145,500 over the last ninety days. 6.50% of the stock is owned by corporate insiders.

Institutional Trading of Petco Health and Wellness

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in Petco Health and Wellness in the 3rd quarter worth approximately $34,000. National Bank of Canada FI purchased a new stake in shares of Petco Health and Wellness in the third quarter valued at approximately $35,000. Quarry LP acquired a new stake in shares of Petco Health and Wellness in the third quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Petco Health and Wellness by 425.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock valued at $30,000 after purchasing an additional 8,519 shares during the last quarter. Finally, Abel Hall LLC purchased a new position in Petco Health and Wellness during the fourth quarter worth approximately $31,000.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc is a pet-focused retailer and services provider operating primarily in the United States and Puerto Rico. The company serves pet owners through a network of stores and digital channels, offering products and services for dogs, cats, small animals, birds, fish and reptiles.

Petco sells pet food, treats, supplies, toys, bedding, habitats and other everyday care products, including merchandise under its own brands such as WholeHearted, Reddy and EveryYay.