During the last session, Petco Health and Wellness Co Inc (NASDAQ:WOOF)’s traded shares were 2.35 million, with the beta value of the company hitting 1.89. At the end of the trading day, the stock’s price was $3.20, reflecting an intraday gain of 3.23% or $0.1. The 52-week high for the WOOF share is $5.53, that puts it down -72.81 from that peak though still a striking 55.94% gain since the share price plummeted to a 52-week low of $1.41. The company’s market capitalization is $873.57M, and the average intraday trading volume over the past 10 days was 2.62 million shares, and the average trade volume was 4.84 million shares over the past three months.
Petco Health and Wellness Co Inc (WOOF) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.12. WOOF has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.02.
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Petco Health and Wellness Co Inc (NASDAQ:WOOF) trade information
Petco Health and Wellness Co Inc (WOOF) registered a 3.23% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.23% in intraday trading to $3.20, hitting a weekly high. The stock’s 5-day price performance is 16.36%, and it has moved by -7.51% in 30 days. Based on these gigs, the overall price performance for the year is -40.85%. The short interest in Petco Health and Wellness Co Inc (NASDAQ:WOOF) is 23.1 million shares and it means that shorts have 6.19 day(s) to cover.
The consensus price target of analysts on Wall Street is $8.5, which implies an increase of 62.35% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $28 respectively. As a result, WOOF is trading at a discount of -775.0% off the target high and 6.25% off the low.
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 up 23.08% during the last six months, with a year-to-date growth rate less than the industry average at -144.44% against -8.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -133.30% this quarter and then jump 20.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.52B as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 1.51B by the end of current fiscal year.
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 -125.93% 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 in September. 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 4.26% of total outstanding shares while institutional holders control 130.19%, with the float percentage being 135.98%. CVC MANAGEMENT HOLDINGS II LTD. is the largest shareholder of the company, while 241.0 institutions own stock in it. As of 2024-06-30, the company held over 145.92 million shares (or 54.0925% of all shares), a total value of $551.59 million in shares.
The next largest institutional holding, with 59.77 million shares, is of CANADA PENSION PLAN INVESTMENT BOARD’s that is approximately 22.1544% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $225.91 million.
