Key Points
- Petco CRO Patrick Venezia sold 74,192 shares on Dec. 1 at an average price of $3.08 for about $228,511, cutting his ownership by 13.51% to 474,848 shares valued at roughly $1.46 million.
- Petco reported quarterly EPS of $0.03 (vs. $0.01 expected) and revenue of $1.46B (down 3.1% y/y and slightly below estimates); the stock has a market cap near $995.5M, an average analyst rating of Hold and an average target price of $3.96.
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) CRO Patrick Venezia sold 74,192 shares of the business's stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $3.08, for a total value of $228,511.36. Following the sale, the executive owned 474,848 shares of the company's stock, valued at approximately $1,462,531.84. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Petco Health and Wellness Price Performance
WOOF stock opened at $3.13 on Thursday. The business's 50-day moving average price is $3.36 and its 200-day moving average price is $3.29. The company has a quick ratio of 0.35, a current ratio of 0.91 and a debt-to-equity ratio of 1.37. The stock has a market cap of $995.50 million, a P/E ratio of -312.69 and a beta of 1.71. Petco Health and Wellness Company, Inc. has a twelve month low of $2.28 and a twelve month high of $6.29.
Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last released its quarterly earnings data on Tuesday, November 25th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.47 billion. Petco Health and Wellness had a negative net margin of 0.04% and a positive return on equity of 0.46%. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) earnings per share. On average, equities research analysts forecast that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of WOOF. Sei Investments Co. boosted its position in Petco Health and Wellness by 12.8% in the 2nd quarter. Sei Investments Co. now owns 26,055 shares of the company's stock worth $74,000 after purchasing an additional 2,951 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Petco Health and Wellness by 27.8% in the second quarter. Bank of Nova Scotia now owns 15,208 shares of the company's stock worth $43,000 after acquiring an additional 3,308 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Petco Health and Wellness by 9.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 42,569 shares of the company's stock worth $155,000 after acquiring an additional 3,531 shares during the period. Creative Planning boosted its stake in shares of Petco Health and Wellness by 11.0% during the 3rd quarter. Creative Planning now owns 40,826 shares of the company's stock worth $158,000 after acquiring an additional 4,047 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Petco Health and Wellness by 17.6% during the 2nd quarter. Cetera Investment Advisers now owns 28,419 shares of the company's stock valued at $80,000 after acquiring an additional 4,258 shares during the period.
Analysts Set New Price Targets
A number of analysts recently weighed in on WOOF shares. Wall Street Zen raised shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Saturday, October 4th. Wells Fargo & Company increased their price target on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th. Weiss Ratings restated a "sell (e+)" rating on shares of Petco Health and Wellness in a report on Tuesday. Evercore ISI increased their target price on shares of Petco Health and Wellness from $3.00 to $4.00 and gave the company an "in-line" rating in a research report on Wednesday, November 26th. Finally, Zacks Research cut Petco Health and Wellness from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $3.96.
Read Our Latest Research Report on Petco Health and Wellness
Petco Health and Wellness Company Profile
(
Get Free Report)
Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.
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