In the latest trading session, 1.06 million Petco Health and Wellness Co Inc (NASDAQ:WOOF) shares changed hands as the company’s beta touched 1.89. With the company’s most recent per share price at $3.70 changed hands at -$0.07 or -1.73% at last look, the market valuation stands at $1.02B. WOOF’s current price is a discount, trading about -70.0% off its 52-week high of $6.29. The share price had its 52-week low at $1.41, which suggests the last value was 61.89% up since then. When we look at Petco Health and Wellness Co Inc’s average trading volume, we note the 10-day average is 4.19 million shares, with the 3-month average coming to 3.94 million.
Analysts gave the Petco Health and Wellness Co Inc (WOOF) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.93. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended WOOF as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Petco Health and Wellness Co Inc’s EPS for the current quarter is expected to be 0.01.
Petco Health and Wellness Co Inc (NASDAQ:WOOF) trade information
Instantly WOOF was in red as seen in intraday trades today. With action -8.30%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -2.76%, with the 5-day performance at -8.30% in the red. However, in the 30-day time frame, Petco Health and Wellness Co Inc (NASDAQ:WOOF) is -24.55% down. Looking at the short shares, we see there were 23.09 million shares sold at short interest cover period of 8.58 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4.55, meaning bulls need an upside of 18.68% from its recent market value. According to analyst projections, WOOF’s forecast low is 3.5 with 5.5 as the target high. To hit the forecast high, the stock’s price needs a -48.65% plunge from its current level, while the stock would need to tank 5.41% for it to hit the projected low.
Petco Health and Wellness Co Inc (WOOF) estimates and forecasts
Data shows that the Petco Health and Wellness Co Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 15.77% over the past 6 months, a -177.78% in annual growth rate that is considerably lower than the industry average of -3.40%. Year-over-year growth is forecast to reach -2.12% down from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 1.56B. 10 analysts are of the opinion that Petco Health and Wellness Co Inc’s revenue for the current quarter will be 1.56B. The company’s revenue for the corresponding quarters a year ago was 1.67B and 1.53B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.95%. The estimates for the next quarter sales put growth at 2.02%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -25.03%. The 2025 estimates are for Petco Health and Wellness Co Inc earnings to decrease by -187.67%, but the outlook for the next 5-year period is at -7.21% per year.
WOOF Dividends
Petco Health and Wellness Co Inc is expected to release its next quarterly earnings report in February.
Petco Health and Wellness Co Inc (NASDAQ:WOOF)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.39% of Petco Health and Wellness Co Inc shares while 128.50% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 134.40%. There are 128.50% institutions holding the Petco Health and Wellness Co Inc stock share, with CVC MANAGEMENT HOLDINGS II LTD. the top institutional holder. As of 2024-06-30, the company held 54.0925% of the shares, roughly 145.92 million WOOF shares worth $551.59 million.
CANADA PENSION PLAN INVESTMENT BOARD holds the second largest percentage of outstanding shares, with 22.1544% or 59.77 million shares worth $225.91 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 2.35 shares estimated at $8.64 million under it, the former controlled 0.99% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 0.91% of the shares, roughly 2.17 shares worth around $7.98 million.
