For Petco Health and Wellness Company Inc. [WOOF], Analyst sees a rise to $21. What next?


Petco Health and Wellness Company Inc. [NASDAQ: WOOF] jumped around 0.21 points on Wednesday, while shares priced at $13.65 at the close of the session, up 1.56%. The company report on June 16, 2022 that Petco Unveils New Small-Town and Rural Retail Test Concept Tailored to the Health and Wellness Needs of Pets and Farm Animals.

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Committed to making comprehensive health and wellness solutions more accessible nationwide, Petco designs innovative concept to meet growing pet specialty demand.

Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced the launch of a new community-driven test concept designed to serve the health and wellness needs of pets and farm animals in small towns and rural communities. The grand opening of the first location will be in Floresville, Texas, this Friday, June 17.

Petco Health and Wellness Company Inc. stock is now -31.03% down from its year-to-date (YTD) trading value. WOOF Stock saw the intraday high of $13.675 and lowest of $12.88 per share. The company’s 52-week high price is 26.21, which means current price is +5.98% above from all time high which was touched on 04/19/22.

Compared to the average trading volume of 2.97M shares, WOOF reached a trading volume of 4385632 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 $21.25 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.

Morgan Stanley have made an estimate for Petco Health and Wellness Company Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on May 16, 2022. While these analysts kept the previous recommendation, Needham raised their target price to Buy. The new note on the price target was released on December 16, 2021, representing the official price target for Petco Health and Wellness Company Inc. stock. Previously, the target price had yet another raise to $23, while Wedbush analysts kept a Outperform rating on WOOF stock.

The Average True Range (ATR) for Petco Health and Wellness Company Inc. is set at 0.70, with the Price to Sales ratio for WOOF stock in the period of the last 12 months amounting to 0.71. The Price to Book ratio for the last quarter was 1.57, with the Price to Cash per share for the same quarter was set at 0.63. Price to Free Cash Flow for WOOF in the course of the last twelve months was 96.38 with Quick ratio for the last quarter at 0.40.

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 -7.14. With this latest performance, WOOF shares dropped by -17.22% in over the last four-week period, additionally sinking by -23.49% over the last 6 months – not to mention a drop of -33.93% in the past year of trading.

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 35.52, with the RSI for the last a single of trading hit 32.39, and the three-weeks RSI is set at 37.55 for Petco Health and Wellness Company Inc. [WOOF]. The present Moving Average for the last 50 days of trading for this stock 15.60, while it was recorded at 14.18 for the last single week of trading, and 19.11 for the last 200 days.

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 +4.76 and a Gross Margin at +41.79. Petco Health and Wellness Company Inc.’s Net Margin is presently recorded at +2.83.

Return on Equity for this stock inclined to 7.57, with Return on Assets sitting at 2.44.

Petco Health and Wellness Company Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 1.00.

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 48.80%.

Insider trade positions for Petco Health and Wellness Company Inc. [WOOF]

There are presently around $2,029 million, or 70.10% 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 59,765,368, which is approximately 0% of the company’s market cap and around 0.70% of the total institutional ownership; VANGUARD GROUP INC, holding 6,841,503 shares of the stock with an approximate value of $93.39 million in WOOF stocks shares; and MACKENZIE FINANCIAL CORP, currently with $89.87 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 May and at the time of the May reporting period, where 114 institutional holders increased their position in Petco Health and Wellness Company Inc. [NASDAQ:WOOF] by around 18,675,567 shares. Additionally, 115 investors decreased positions by around 11,115,210 shares, while 22 investors held positions by with 118,878,684 shares. The mentioned changes placed institutional holdings at 148,669,461 shares, according to the latest SEC report filing. WOOF stock had 37 new institutional investments in for a total of 9,205,266 shares, while 44 institutional investors sold positions of 3,549,160 shares during the same period.