Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday, Wall Street Zen reports.
Other equities research analysts have also issued reports about the stock. 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. Citigroup dropped their target price on Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating on the stock in a report on Thursday, June 4th. Weiss Ratings upgraded Petco Health and Wellness from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 8th. Robert W. Baird lifted their price target 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. Finally, BNP Paribas Exane lowered their price objective on 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 research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.42.
View Our Latest Research Report on Petco Health and Wellness
Petco Health and Wellness Trading Down 0.8%
Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company earned $0.05 EPS. Sell-side analysts expect that Petco Health and Wellness will post 0.1 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Petco Health and Wellness news, insider Holly May sold 200,000 shares of the company’s stock in a transaction on 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 transaction, the insider 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 450,000 shares of company stock valued at $1,145,500 over the last three months. 6.50% of the stock is owned by insiders.
Institutional Trading of Petco Health and Wellness
Institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased 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 acquiring an additional 2,988 shares during the period. International Assets Investment Management LLC boosted its stake in Petco Health and Wellness by 63.9% during the 1st quarter. International Assets Investment Management LLC now owns 12,825 shares of the company’s stock worth $35,000 after purchasing an additional 5,000 shares during the period. HB Wealth Management LLC purchased a new position in Petco Health and Wellness during the 1st quarter worth $34,000. R Squared Ltd purchased a new position in Petco Health and Wellness during the 1st quarter worth $36,000. Finally, Bank of America Corp DE increased its stake in Petco Health and Wellness by 6.7% in the first quarter. Bank of America Corp DE now owns 269,589 shares of the company’s stock valued at $749,000 after purchasing an additional 16,825 shares during the period.
Petco Health and Wellness Company Profile
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.
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