Petco Health and Wellness Company Inc. [NASDAQ: WOOF] traded at a high on 08/04/21, posting a 0.77 gain after which it closed the day’ session at $19.71. The company report on July 29, 2021 that Petco Sustainability Vendor Summit To Support Continued Expansion Of Sustainable Pet Products.
Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, will host its first-ever Sustainability Vendor Summit on Sept. 22, 2021 as part of the company’s public commitment to increase its assortment of sustainable pet products to 50% by the end of 2025. The virtual event, hosted in partnership with ECRM and RangeMe, will connect suppliers of sustainable pet products directly with Petco’s merchandising team.
Petco’s Sustainability Vendor Summit will help us accelerate efforts to increase our assortment of sustainable products.
The results of the trading session contributed to over 2595432 shares changing hands. Over the past one week, the price volatility of Petco Health and Wellness Company Inc. stands at 3.74% while the volatility over the past one month is 3.67%.
The market cap for WOOF stock reached $5.97 billion, with 264.21 million shares outstanding and 54.58 million shares in the current float. Compared to the average trading volume of 3.72M shares, WOOF reached a trading volume of 2595432 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Petco Health and Wellness Company Inc. [WOOF]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WOOF shares is $28.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WOOF stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Exane BNP Paribas have made an estimate for Petco Health and Wellness Company Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on July 16, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on June 02, 2021, representing the official price target for Petco Health and Wellness Company Inc. stock. Previously, the target price had yet another raise to $28, while Credit Suisse analysts kept a Neutral rating on WOOF stock.
The Average True Range (ATR) for Petco Health and Wellness Company Inc. is set at 0.76, with the Price to Sales ratio for WOOF stock in the period of the last 12 months amounting to 1.14. The Price to Book ratio for the last quarter was 2.49, with the Price to Cash per share for the same quarter was set at 0.57.
How has WOOF stock performed recently?
Petco Health and Wellness Company Inc. [WOOF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.28. With this latest performance, WOOF shares dropped by -7.03% in over the last four-week period, additionally sinking by -24.22% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WOOF stock in for the last two-week period is set at 38.97, with the RSI for the last a single of trading hit 36.12, and the three-weeks RSI is set at 40.87 for Petco Health and Wellness Company Inc. [WOOF]. The present Moving Average for the last 50 days of trading for this stock 21.89, while it was recorded at 20.16 for the last single week of trading.
Petco Health and Wellness Company Inc. [WOOF]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Petco Health and Wellness Company Inc. [WOOF] shares currently have an operating margin of +3.95 and a Gross Margin at +42.80. Petco Health and Wellness Company Inc.’s Net Margin is presently recorded at -0.54.
Return on Total Capital for WOOF is now 3.77, given the latest momentum, and Return on Invested Capital for the company is -0.54. Return on Equity for this stock declined to -2.01, with Return on Assets sitting at -0.40. When it comes to the capital structure of this company, Petco Health and Wellness Company Inc. [WOOF] has a Total Debt to Total Equity ratio set at 145.09. Additionally, WOOF Total Debt to Total Capital is recorded at 59.20, with Total Debt to Total Assets ending up at 46.03. Long-Term Debt to Equity for the company is recorded at 132.50, with the Long-Term Debt to Total Capital now at 54.06.
Receivables Turnover for the company is 115.58 with a Total Asset Turnover recorded at a value of 0.75.Petco Health and Wellness Company Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.90.
Earnings analysis for Petco Health and Wellness Company Inc. [WOOF]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WOOF. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Petco Health and Wellness Company Inc. go to 44.70%.
Insider trade positions for Petco Health and Wellness Company Inc. [WOOF]
There are presently around $2,468 million, or 56.20% of WOOF stock, in the hands of institutional investors. The top three institutional holders of WOOF stocks are: CANADA PENSION PLAN INVESTMENT BOARD with ownership of 70,127,353, which is approximately New of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 4,722,044 shares of the stock with an approximate value of $93.07 million in WOOF stocks shares; and NUVEEN ASSET MANAGEMENT, LLC, currently with $89.28 million in WOOF stock with ownership of nearly New of the company’s market capitalization.
Positions in Petco Health and Wellness Company Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 132 institutional holders increased their position in Petco Health and Wellness Company Inc. [NASDAQ:WOOF] by around 123,456,982 shares. Additionally, 5 investors decreased positions by around 39,905 shares, while 5 investors held positions by with 1,726,188 shares. The mentioned changes placed institutional holdings at 125,223,075 shares, according to the latest SEC report filing. WOOF stock had 121 new institutional investments in for a total of 121,112,733 shares, while 2 institutional investors sold positions of 20,728 shares during the same period.