Petco Health and Wellness Co Inc (NASDAQ:WOOF) shares traded 27.94% higher at $2.61 on Wall Street last session.
WOOF stock price is now 36.71% away from the 50-day moving average and -22.87% away from the 200-day moving average. The market capitalization of the company currently stands at $703.60M.
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With the price target reduced from $5 to $1.50, BofA Securities Downgraded its rating from Buy to Underperform for Petco Health and Wellness Co Inc (NASDAQ: WOOF). On December 19, 2023, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $3.11, while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, BRIGGS GARY S, Director bought 30,000 shares of the company’s stock on Dec 01 ’23. The stock was bought for $99,924 at an average price of $3.33. Upon completion of the transaction, the Director now directly owns 70,085 shares in the company, valued at $0.18 million. A total of 49.56% of the company’s stock is owned by insiders.
During the past 12 months, Petco Health and Wellness Co Inc has had a low of $1.41 and a high of $10.73. As of last week, the company has a debt-to-equity ratio of 2.56, a current ratio of 0.86, and a quick ratio of 0.24.
According to the Specialty Retail Company, earnings per share came in at 0.06, beating analysts’ expectations of 0.05 by 0.01. This compares to $0.12 EPS in the same period last year. The net profit margin was -20.47% and return on equity was -71.80% for WOOF. The company reported revenue of $1.67 billion for the quarter, compared to $1.58 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.12 percent. For the current quarter, analysts expect WOOF to generate $1.51B in revenue.
