Petco Health and Wellness Co Inc (NASDAQ:WOOF) shares traded -8.48% lower at $3.13 on Wall Street last session.
WOOF stock price is now 58.42% away from the 50-day moving average and -1.28% away from the 200-day moving average. The market capitalization of the company currently stands at $843.82M.
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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, Breitner Cameron, Director bought 750,000 shares of the company’s stock on May 29 ’24. The stock was bought for $2,354,325 at an average price of $3.14. Upon completion of the transaction, the Director now directly owns 750,000 shares in the company, valued at $2.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01 ’23, Director BRIGGS GARY S bought 30,000 shares of the business’s stock. A total of $99,924 was incurred on buying the stock at an average price of $3.33. This leaves the insider owning 70,085 shares of the company worth $0.22 million. A total of 72.09% 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 $9.74. As of last week, the company has a debt-to-equity ratio of 2.56, a current ratio of 0.85, and a quick ratio of 0.21. The fifty day moving average price for WOOF is $1.9758 and a two-hundred day moving average price translates $3.1707 for the stock.
The latest earnings results from Petco Health and Wellness Co Inc (NASDAQ: WOOF) was released for 2024-05-04. The net profit margin was -21.27% and return on equity was -74.36% 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.
