VCA Inc. (NASDAQ:WOOF) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,280,928 shares, a drop of 22.4% from the August 15th total of 1,649,871 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average daily volume of 474,490 shares, the days-to-cover ratio is currently 2.7 days.
Shares of VCA (NASDAQ:WOOF) opened at 92.98 on Wednesday. The firm’s 50-day moving average price is $92.74 and its 200 day moving average price is $92.16. The company has a market capitalization of $7.56 billion, a PE ratio of 34.94 and a beta of 1.01. VCA has a 52-week low of $59.51 and a 52-week high of $93.00.
VCA (NASDAQ:WOOF) last issued its earnings results on Wednesday, July 26th. The company reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.02. The business had revenue of $743.13 million for the quarter, compared to the consensus estimate of $735.75 million. VCA had a net margin of 8.00% and a return on equity of 15.54%. During the same period in the prior year, the firm earned $0.87 EPS. On average, equities analysts forecast that VCA will post $3.23 earnings per share for the current year.
Hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in VCA in the 1st quarter worth about $163,000. Advisory Services Network LLC grew its stake in VCA by 1.1% in the 2nd quarter. Advisory Services Network LLC now owns 1,957 shares of the company’s stock worth $181,000 after acquiring an additional 22 shares in the last quarter. RBF Capital LLC bought a new position in VCA in the 1st quarter worth about $201,000. Daiwa Securities Group Inc. bought a new position in VCA in the 2nd quarter worth about $217,000. Finally, CNA Financial Corp bought a new position in VCA in the 1st quarter worth about $238,000. Institutional investors and hedge funds own 76.52% of the company’s stock.
Several analysts have weighed in on WOOF shares. BidaskClub raised VCA from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Zacks Investment Research raised VCA from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $93.00 price objective on shares of VCA in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $92.17.
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VCA Company Profile
VCA Inc is an animal healthcare company operating in the United States and Canada. The Company operates through five segments: animal hospitals (Animal Hospital), veterinary diagnostic laboratories (Laboratory), veterinary medical technology (Medical Technology), Vetstreet and Camp Bow Wow Franchising, Inc (Camp Bow Wow).
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