Petco Health and Wellness Co Inc (NASDAQ:WOOF) Projected To Grow By 15.46% Or More

In last trading session, Petco Health and Wellness Co Inc (NASDAQ:WOOF) saw 3.63 million shares changing hands with its beta currently measuring 1.89. Company’s recent per share price level of $4.14 trading at -$0.3 or -6.76% at ring of the bell on the day assigns it a market valuation of $1.14B. That closing price of WOOF’s stock is at a discount of -51.93% from its 52-week high price of $6.29 and is indicating a premium of 65.94% from its 52-week low price of $1.41. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.9 million shares which gives us an average trading volume of 3.78 million if we extend that period to 3-months.

For Petco Health and Wellness Co Inc (WOOF), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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

Upright in the red during last session for losing -6.76%, in the last five days WOOF remained trading in the red while hitting it’s week-highest on Thursday, 12/12/24 when the stock touched $4.14 price level, adding 15.34% to its value on the day. Petco Health and Wellness Co Inc’s shares saw a change of 31.01% in year-to-date performance and have moved -15.68% in past 5-day. Petco Health and Wellness Co Inc (NASDAQ:WOOF) showed a performance of 5.08% in past 30-days. Number of shares sold short was 23.09 million shares which calculate 8.58 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 4.55 to the stock, which implies a rise of 9.01% to its current value. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 5.5. It follows that stock’s current price would jump 15.46% in reaching the projected high whereas dropping to the targeted low would mean a gain of 15.46% for stock’s current value.

Petco Health and Wellness Co Inc (WOOF) estimates and forecasts

Statistics highlight that Petco Health and Wellness Co Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 13.74% of value to its shares in past 6 months, showing an annual growth rate of -177.78% while that of industry is -3.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -25.03% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -185.15% while estimates for its earnings growth in next 5 years are of -7.21%.

Petco Health and Wellness Co Inc (NASDAQ:WOOF)’s Major holders

Insiders are in possession of 4.39% of company’s total shares while institution are holding 128.50 percent of that, with stock having share float percentage of 134.40%. Investors also watch the number of corporate investors in a company very closely, which is 128.50% institutions for Petco Health and Wellness Co Inc that are currently holding shares of the company. CVC MANAGEMENT HOLDINGS II LTD. is the top institutional holder at WOOF for having 145.92 million shares of worth $551.59 million. And as of 2024-06-30, it was holding 54.0925 of the company’s outstanding shares.

The second largest institutional holder is CANADA PENSION PLAN INVESTMENT BOARD, which was holding about 59.77 million shares on 2024-06-30. The number of shares represents firm’s hold over 22.1544 of outstanding shares, having a total worth of $225.91 million.