Why Should Petco Health and Wellness Co Inc (WOOF) Be In Your Portfolio?

Petco Health and Wellness Co Inc (NASDAQ:WOOF) has a beta value of 1.88 and has seen 5.0 million shares traded in the recent trading session. The company, currently valued at $775.97M, closed the recent trade at $2.82 per share which meant it lost -$0.32 on the day or -10.35% during that session. The WOOF stock price is -123.05% off its 52-week high price of $6.29 and 50.0% above the 52-week low of $1.41.

The consensus among analysts is that Petco Health and Wellness Co Inc (WOOF) is Buy stock at the moment, with a recommendation rating of 2.93. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 11 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.01.

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

Sporting -10.35% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the WOOF stock price touched $2.82 or saw a rise of 10.19%. Year-to-date, Petco Health and Wellness Co Inc shares have moved -26.12%, while the 5-day performance has seen it change -5.54%. Over the past 30 days, the shares of Petco Health and Wellness Co Inc (NASDAQ:WOOF) have changed -22.88%.

Wall Street analysts have a consensus price target for the stock at $4.55, which means that the shares’ value could jump 38.02% from the levels at last check today. The projected low price target is $3.5 while the price target rests at a high of $5.5. In that case, then, we find that the latest price level in today’s session is -95.04% off the targeted high while a plunge would see the stock gain -24.11% from the levels at last check today.

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

The company’s shares have gained 3.87% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -2.13%.

11 analysts offering their estimates for the company have set an average revenue estimate of 1.56B for the current quarter. 10 have an estimated revenue figure of 1.56B for the next ending quarter. Year-ago sales stood 1.67B and 1.53B respectively for this quarter and the next, and analysts expect sales will shrink by -6.97% for the current quarter and -2.13% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -25.03% over the past 5 years. Earnings growth for 2025 is a modest -187.67% while over the next 5 years, the company’s earnings are expected to increase by 19.46%.

WOOF Dividends

Petco Health and Wellness Co Inc is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

The top two institutional holders are CVC MANAGEMENT HOLDINGS II LTD. with over 145.92 million shares worth more than $551.59 million. As of 2024-06-30, CVC MANAGEMENT HOLDINGS II LTD. held 54.0925% of shares outstanding.

The other major institutional holder is CANADA PENSION PLAN INVESTMENT BOARD, with the holding of over 59.77 million shares as of 2024-06-30. The firm’s total holdings are worth over $225.91 million and represent 22.1544% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Sep 30, 2024, the former fund manager holds about 0.99% shares in the company for having 2.35 shares of worth $6.65 million while later fund manager owns 2.35 shares of worth $6.65 million as of Nov 30, 2024, which makes it owner of about 0.99% of company’s outstanding stock.