In the last trading session, 2.42 million shares of the Petco Health and Wellness Co Inc (NASDAQ:WOOF) were traded, and its beta was 1.91. Most recently the company’s share price was $3.94, and it changed around -$0.07 or -1.75% from the last close, which brings the market valuation of the company to $1.03B. WOOF currently trades at a discount to its 52-week high of $5.94, offering almost -50.76% off that amount. The share price’s 52-week low was $1.41, which indicates that the current value has risen by an impressive 64.21% since then. We note from Petco Health and Wellness Co Inc’s average daily trading volume that its 10-day average is 3.03 million shares, with the 3-month average coming to 3.88 million.
Petco Health and Wellness Co Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 2 out of 18 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 10 recommended WOOF as a Hold, whereas 2 deemed it a Buy, and 2 rated it as Underweight. Petco Health and Wellness Co Inc is expected to report earnings per share of -0.03 for the current quarter.
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Petco Health and Wellness Co Inc (NASDAQ:WOOF) trade information
Instantly WOOF has showed a red trend with a performance of -1.75% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.52 on recent trading dayincreased the stock’s daily price by 12.83%. The company’s shares are currently up 24.68% year-to-date, but still down -12.83% over the last five days. On the other hand, Petco Health and Wellness Co Inc (NASDAQ:WOOF) is -20.08% down in the 30-day period. We can see from the shorts that 22.85 million shares have been sold at a short interest cover period of 7.29 day(s).
The consensus price target as assigned by Wall Street analysts is $5.25, which translates to bulls needing to increase their stock price by 24.95% from its current value. Analyst projections state that WOOF is forecast to be at a low of $3 and a high of $28.
Petco Health and Wellness Co Inc (WOOF) estimates and forecasts
Petco Health and Wellness Co Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 52.71 percent over the past six months and at a -155.56% annual growth rate that is well below the industry average of -6.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 33.28% in revenue this quarter, and will report an increase of 91.25% in the next quarter. The year-over-year growth rate is expected to be -1.81%, down from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 1.5B in revenue for the current quarter. 11 analysts expect Petco Health and Wellness Co Inc to make 1.57B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.49B and 1.67B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.45%. Forecasts for the next quarter put sales growth at -6.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -25.03%. Petco Health and Wellness Co Inc earnings are expected to increase by -177.14% in 2024, but the outlook is positive 2.07% per year for the next five years.
WOOF Dividends
Petco Health and Wellness Co Inc’s next quarterly earnings report is expected to be released in December.
Petco Health and Wellness Co Inc (NASDAQ:WOOF)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.23% of Petco Health and Wellness Co Inc shares, and 128.10% of them are in the hands of institutional investors. The stock currently has a share float of 133.76%. Petco Health and Wellness Co Inc stock is held by 238.0 institutions, with CVC MANAGEMENT HOLDINGS II LTD. being the largest institutional investor. By 2024-06-30, it held 54.0925% of the shares, which is about 145.92 million shares worth $551.59 million.
CANADA PENSION PLAN INVESTMENT BOARD, with 22.1544% or 59.77 million shares worth $225.91 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
