Is Petco Health and Wellness Co Inc (NASDAQ: WOOF) Still A Buy After plugging 0.25% Last Week?

During the recent session, Petco Health and Wellness Co Inc (NASDAQ:WOOF)’s traded shares were 0.59 million, with the beta value of the company hitting 1.91. At the last check today, the stock’s price was $4.02, reflecting an intraday loss of -3.60% or -$0.15. The 52-week high for the WOOF share is $5.94, that puts it down -47.76 from that peak though still a striking 64.93% gain since the share price plummeted to a 52-week low of $1.41. The company’s market capitalization is $1.10B, and the average intraday trading volume over the past 10 days was 2.68 million shares, and the average trade volume was 3.83 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 3.00. 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.

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Petco Health and Wellness Co Inc (NASDAQ:WOOF) trade information

Petco Health and Wellness Co Inc (WOOF) registered a -3.60% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.60% in intraday trading to $4.02, hitting a weekly high. The stock’s 5-day price performance is 0.25%, and it has moved by -8.64% in 30 days. Based on these gigs, the overall price performance for the year is 3.88%. The short interest in Petco Health and Wellness Co Inc (NASDAQ:WOOF) is 22.85 million shares and it means that shorts have 7.29 day(s) to cover.

The consensus price target of analysts on Wall Street is $5.25, which implies an increase of 23.43% 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 -596.52% off the target high and 25.37% 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 12.29% during the last six months, with a year-to-date growth rate less than the industry average at -155.56% against -5.70.

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 -177.14% in 2024, the next five years will return 2.07% per annum.

WOOF Dividends

Petco Health and Wellness Co Inc is due to release its next quarterly earnings in December. 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 4.23% of total outstanding shares while institutional holders control 128.10%, with the float percentage being 133.75%. CVC MANAGEMENT HOLDINGS II LTD. is the largest shareholder of the company, while 238.0 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.

Also, the Mutual Funds coming in first place with the largest holdings of Petco Health and Wellness Co Inc (WOOF) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.35 shares. This amounts to just over 0.99 percent of the company’s overall shares, with a $9.48 million market value. The same data shows that the other fund manager holds slightly less at 2.14, or about 0.90% of the stock, which is worth about $8.62 million.