Petco Health and Wellness (NASDAQ:WOOF) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Petco Health and Wellness (NASDAQ:WOOF) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks reports.

A number of other equities analysts also recently commented on WOOF. Weiss Ratings raised Petco Health and Wellness from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 22nd. Robert W. Baird increased their price objective on shares of Petco Health and Wellness from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Sunday, September 13th. UBS Group reduced their price objective on shares of Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. Finally, 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 for the company in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.42.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF opened at $2.69 on Monday. The company has a fifty day simple moving average of $2.43 and a two-hundred day simple moving average of $2.67. The company has a market cap of $872.12 million, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 2.49 and a beta of 1.51. The company has a quick ratio of 0.39, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. Petco Health and Wellness has a 52 week low of $2.14 and a 52 week high of $3.78.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.06. Petco Health and Wellness had a return on equity of 3.44% and a net margin of 0.51%. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm earned $0.05 earnings per share. As a group, equities analysts anticipate that Petco Health and Wellness will post 0.10 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its holdings in shares of Petco Health and Wellness by 14.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company’s stock valued at $66,000 after purchasing an additional 2,988 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Petco Health and Wellness by 63.9% in the first quarter. International Assets Investment Management LLC now owns 12,825 shares of the company’s stock valued at $35,000 after acquiring an additional 5,000 shares during the period. HB Wealth Management LLC purchased a new position in shares of Petco Health and Wellness during the first quarter worth approximately $34,000. R Squared Ltd purchased a new position in shares of Petco Health and Wellness during the first quarter worth approximately $36,000. Finally, Verus Capital Partners LLC acquired a new position in shares of Petco Health and Wellness in the 3rd quarter valued at $31,000.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc is a U.S.-based pet health and wellness retailer operating under the Petco brand. The company serves pet owners through a combination of brick-and-mortar stores, digital commerce channels and service locations, offering products and services for dogs, cats, fish, birds, reptiles and other companion animals.

Petco’s merchandise includes pet food, treats, toys, bedding, habitats, grooming supplies and other everyday care products. Its services include veterinary care, grooming, training, adoption support and other wellness offerings.