During the recent session, Petco Health and Wellness Co Inc (NASDAQ:WOOF)’s traded shares were 1.02 million, with the beta value of the company hitting 1.17. At the last check today, the stock’s price was $1.87, reflecting an intraday loss of -4.10% or -$0.08. The 52-week high for the WOOF share is $10.76, that puts it down -475.4 from that peak though still a striking 0.53% gain since the share price plummeted to a 52-week low of $1.86. The company’s market capitalization is $502.08M, and the average intraday trading volume over the past 10 days was 4.03 million shares, and the average trade volume was 4.10 million shares over the past three months.
Petco Health and Wellness Co Inc (NASDAQ:WOOF) trade information
Petco Health and Wellness Co Inc (WOOF) registered a -4.10% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.10% in intraday trading to $1.87, hitting a weekly high. The stock’s 5-day price performance is -17.98%, and it has moved by -26.38% in 30 days. Based on these gigs, the overall price performance for the year is -78.77%. The short interest in Petco Health and Wellness Co Inc (NASDAQ:WOOF) is 23.97 million shares and it means that shorts have 5.92 day(s) to cover.
Petco Health and Wellness Co Inc (WOOF) estimates and forecasts
Statistics show that Petco Health and Wellness Co Inc has underperformed its competitors in share price, compared to the industry in which it operates. Petco Health and Wellness Co Inc (WOOF) shares have gone down -50.40% during the last six months, with a year-to-date growth rate less than the industry average at -122.22% against 3.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -200.00% this quarter and then drop -133.30% in the quarter after that. In the rating firms’ projections, revenue will decrease -2.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.51 billion as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to $1.52 billion by the end of Jul 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -25.03%. While earnings are projected to return -162.04% in 2024, the next five years will return 48.80% per annum.
WOOF Dividends
Petco Health and Wellness Co Inc is due to release its next quarterly earnings between May 22 and May 27. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Petco Health and Wellness Co Inc (NASDAQ:WOOF)’s Major holders
Petco Health and Wellness Co Inc insiders own 1.29% of total outstanding shares while institutional holders control 129.64%, with the float percentage being 131.33%. Canada Pension Plan Investment Board is the largest shareholder of the company, while 252 institutions own stock in it. As of Jun 29, 2023, the company held over 59.77 million shares (or 25.99% of all shares), a total value of $531.91 million in shares.
The next largest institutional holding, with 8.18 million shares, is of Mackenzie Financial Corporation’s that is approximately 3.56% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $72.77 million.
Also, the Mutual Funds coming in first place with the largest holdings of Petco Health and Wellness Co Inc (WOOF) shares are Delaware Ivy Mid Cap Growth Fund and Price (T.Rowe) Small-Cap Value Fund. Data provided on Jun 29, 2023 indicates that Delaware Ivy Mid Cap Growth Fund owns about 3.87 million shares. This amounts to just over 1.68 percent of the company’s overall shares, with a $34.45 million market value. The same data shows that the other fund manager holds slightly less at 2.98 million, or about 1.30% of the stock, which is worth about $26.54 million.
