Petco Health and Wellness Co Inc (NASDAQ:WOOF)’s traded shares stood at 2.43 million during the last session, with the company’s beta value hitting 1.91. At the close of trading, the stock’s price was $4.01, to imply a decrease of -4.30% or -$0.18 in intraday trading. The WOOF share’s 52-week high remains $5.94, putting it -48.13% down since that peak but still an impressive 64.84% since price per share fell to its 52-week low of $1.41. The company has a valuation of $1.10B, with an average of 3.01 million shares in intraday trading volume over the past 10 days and average of 3.92 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Petco Health and Wellness Co Inc (WOOF), translating to a mean rating of 3.00. Of 11 analyst(s) looking at the stock, 0 analyst(s) give WOOF a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 7 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.03.
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Petco Health and Wellness Co Inc (NASDAQ:WOOF) trade information
After registering a -4.30% downside in the last session, Petco Health and Wellness Co Inc (WOOF) has traded red over the past five days. The 5-day price performance for the stock is -6.74%, and -12.45% over 30 days. With these gigs, the year-to-date price performance is 26.90%. Short interest in Petco Health and Wellness Co Inc (NASDAQ:WOOF) saw shorts transact 22.85 million shares and set a 7.29 days time to cover.
The extremes give us $3 and $28 for target low and target high price respectively. As such, WOOF has been trading -598.25% off suggested target high and 25.19% from its likely low.
Petco Health and Wellness Co Inc (WOOF) estimates and forecasts
Looking at statistics comparing Petco Health and Wellness Co Inc share performance against respective industry, we note that the company has underperformed competitors. Petco Health and Wellness Co Inc (WOOF) shares are 61.04% up over the last 6 months, with its year-to-date growth rate lower than industry average at -155.56% against -6.50%. Revenue is forecast to grow 33.28% this quarter before jumping 91.25% for the next one. The rating firms project that company’s revenue will shrink -1.81% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is 1.5B. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 1.57B.Earnings reports from the last fiscal year show that sales brought in 1.49B and 1.67B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 0.45% before dropping -6.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -25.03% for the past 5-year period. While 2024 is set for a -181.18% return in earnings, projections for the next 5 years are at 2.07% annually.
WOOF Dividends
Petco Health and Wellness Co Inc has its next earnings report out on 2024-Dec-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Petco Health and Wellness Co Inc (NASDAQ:WOOF)’s Major holders
Petco Health and Wellness Co Inc insiders hold 4.23% of total outstanding shares, with institutional holders owning 128.11% of the shares at 133.76% float percentage. In total, 128.11% institutions holds shares in the company, led by CVC MANAGEMENT HOLDINGS II LTD.. As of 2024-06-30, the company held over 145.92 million shares (or 54.0925% of shares), all amounting to roughly $551.59 million.
The next major institution holding the largest number of shares is CANADA PENSION PLAN INVESTMENT BOARD with 59.77 million shares, or about 22.1544% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $225.91 million.
