Research Analysts Set Petco Health and Wellness Company, Inc. Earnings Expectations for Fiscal 2022 (NASDAQ:WOOF)
Petco Health and Wellness Company, Inc. (NASDAQ: WOOF – Get a rating) – Equity research analysts at Jefferies Financial Group raised their fiscal 2022 earnings per share estimates for Petco Health and Wellness in a report released Sunday, March 6. Jefferies Financial Group analyst S. Wissink now expects the company to earn $0.74 per share for the year, up from his previous estimate of $0.73. Jefferies Financial Group has a “Hold” rating and a price target of $26.00 on the stock. Petco Health and Wellness (NASDAQ: WOOF – Get a rating) last released its results on Tuesday, March 8. The company reported earnings per share of $0.28 for the quarter, beating consensus analyst estimates of $0.25 by $0.03. The company posted revenue of $1.51 billion for the quarter, versus a consensus estimate of $1.48 billion. Petco Health and Wellness recorded a return on equity of 8.27% and a net margin of 2.30%. The company’s quarterly revenue increased 13.2% year over year. In the same quarter of the previous year, the company achieved EPS of $0.17.
Other stock analysts have also recently published research reports on the company. Citigroup lowered its price target on Petco Health and Wellness from $29.00 to $25.00 in a Tuesday, January 18 report. Zacks Investment Research downgraded Petco Health and Wellness from a “buy” rating to a “hold” rating in a report on Tuesday, February 8. Wedbush upgraded Petco Health and Wellness from a “neutral” rating to an “outperforming” rating and set a price target of $23.00 on the stock in a Monday, Dec. 6 report. Needham & Company LLC launched coverage on Petco Health and Wellness in a Thursday, Dec. 16, report. They issued a “buy” rating and a price target of $30.00 on the stock. Ultimately, StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a Friday, March 4, report. Two analysts rated the stock with a sell rating, three issued a hold rating and nine gave the company’s stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $24.18.
Shares of FRAME opened at $19.11 on Wednesday. The company has a market capitalization of $4.33 billion, a price/earnings ratio of 39.81, a P/E/G ratio of 0.44 and a beta of 1.48. Petco Health and Wellness has a fifty-two week minimum of $16.22 and a fifty-two week maximum of $28.73. The company has a debt ratio of 0.74, a current ratio of 0.96 and a quick ratio of 0.33. The company’s 50-day moving average is $18.51 and its 200-day moving average is $20.68.
Institutional investors and hedge funds have recently been buying and selling shares of the company. Credit Suisse AG bought a new stake in shares of Petco Health and Wellness in the second quarter worth about $1,160,000. Millennium Management LLC increased its position in Petco Health and Wellness by 273.0% in the third quarter. Millennium Management LLC now owns 723,032 shares of the company worth $15,256,000 after purchasing an additional 529,187 shares during the period. Captrust Financial Advisors raised its position in Petco Health and Wellness by 2,567.1% in the third quarter. Captrust Financial Advisors now owns 15,869 shares of the company worth $335,000 after purchasing an additional 15,274 shares during the period. King Luther Capital Management Corp raised its position in Petco Health and Wellness by 62.9% in the third quarter. King Luther Capital Management Corp now owns 648,550 shares of the company worth $13,684,000 after purchasing an additional 250,450 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Petco Health and Wellness in the second quarter worth $637,000. 65.22% of the shares are held by institutional investors.
Company Profile Petco Health and Wellness (Get a rating)
Petco Health and Wellness Company, Inc operates as a retailer of premium pet consumables, supplies, pets and services. The company also offers grooming services, in-store and online training, tele-vet and pet health insurance, as well as veterinary services through Vetco Clinics.
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