Petco Health and Wellness (NASDAQ:WOOF) Announces Quarterly Earnings Results

Petco Health and Wellness (NASDAQ:WOOF) posted its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03), FiscalAI reports. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. Petco Health and Wellness had a positive return on equity of 0.46% and a negative net margin of 0.04%.

Petco Health and Wellness Price Performance

WOOF traded up $0.07 during midday trading on Wednesday, reaching $2.40. 9,137,395 shares of the company’s stock were exchanged, compared to its average volume of 1,906,575. 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 business has a 50-day simple moving average of $2.70 and a two-hundred day simple moving average of $3.11. The firm has a market capitalization of $765.70 million, a price-to-earnings ratio of -239.76 and a beta of 1.75. Petco Health and Wellness has a one year low of $2.24 and a one year high of $4.51.

Analyst Upgrades and Downgrades

WOOF has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Petco Health and Wellness in a research report on Monday, December 29th. Evercore reduced their target price on Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a research report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $3.86.

Hedge Funds Weigh In On Petco Health and Wellness

Hedge funds have recently modified their holdings of the stock. Sei Investments Co. grew its position in Petco Health and Wellness by 12.8% in the second quarter. Sei Investments Co. now owns 26,055 shares of the company’s stock valued at $74,000 after acquiring an additional 2,951 shares during the period. Bank of Nova Scotia grew its holdings in shares of Petco Health and Wellness by 27.8% in the 2nd quarter. Bank of Nova Scotia now owns 15,208 shares of the company’s stock worth $43,000 after purchasing an additional 3,308 shares during the last quarter. Creative Planning grew its holdings in shares of Petco Health and Wellness by 11.0% in the 3rd quarter. Creative Planning now owns 40,826 shares of the company’s stock worth $158,000 after purchasing an additional 4,047 shares during the last quarter. Cetera Investment Advisers increased 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 worth $80,000 after purchasing an additional 4,258 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Petco Health and Wellness by 59.0% during the 2nd quarter. Osaic Holdings Inc. now owns 22,842 shares of the company’s stock worth $65,000 after purchasing an additional 8,480 shares in the last quarter.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.