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

Petco Health and Wellness (NASDAQ:WOOF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

According to Zacks, “Petco Health and Wellness is a fully-integrated health and wellness company for pets. They offer premium products, services and veterinary care. “

WOOF has been the topic of a number of other reports. Evercore ISI reaffirmed a “buy” rating on shares of Petco Health and Wellness in a report on Sunday, August 22nd. UBS Group decreased their price objective on Petco Health and Wellness from $27.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, August 20th. Credit Suisse Group raised Petco Health and Wellness from a “neutral” rating to an “outperform” rating and set a $28.00 price objective on the stock in a report on Friday, August 20th. Jefferies Financial Group lowered Petco Health and Wellness from a “buy” rating to a “hold” rating and set a $26.00 price objective on the stock. in a report on Monday, November 15th. Finally, Citigroup decreased their price objective on Petco Health and Wellness from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, November 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.14.

WOOF opened at $20.14 on Thursday. Petco Health and Wellness has a 1-year low of $17.86 and a 1-year high of $31.08. The stock’s fifty day simple moving average is $23.04 and its 200 day simple moving average is $22.35. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.31 and a current ratio of 0.94.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings results on Wednesday, November 17th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.37 billion. The business’s revenue was up 14.6% on a year-over-year basis. As a group, research analysts expect that Petco Health and Wellness will post 0.78 earnings per share for the current fiscal year.

In other Petco Health and Wellness news, CEO Ron Coughlin acquired 46,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 7th. The stock was acquired at an average cost of $21.72 per share, for a total transaction of $1,012,152.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.02% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in WOOF. Moors & Cabot Inc. bought a new stake in shares of Petco Health and Wellness during the 3rd quarter worth $25,000. Danda Trouve Investment Management Inc. lifted its position in shares of Petco Health and Wellness by 262.5% during the 3rd quarter. Danda Trouve Investment Management Inc. now owns 1,236 shares of the company’s stock worth $26,000 after buying an additional 895 shares during the last quarter. Activest Wealth Management bought a new stake in shares of Petco Health and Wellness during the 2nd quarter worth $31,000. Metropolitan Life Insurance Co NY lifted its position in shares of Petco Health and Wellness by 88,450.0% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 1,771 shares of the company’s stock worth $40,000 after buying an additional 1,769 shares during the last quarter. Finally, Highlander Capital Management LLC lifted its position in shares of Petco Health and Wellness by 2,000.0% during the 2nd quarter. Highlander Capital Management LLC now owns 2,100 shares of the company’s stock worth $47,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc operates as a retailer of premium pet consumables, supplies, and companion animals and services. The company also offers grooming, in-store and online training, tele-veterinarian, and pet health insurance services, as well as veterinary services through Vetco clinics.

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