Petco Health and Wellness Co Inc (WOOF): A Great Stock For Handling Current Market Conditions?

Currently, there are 235.83M common shares owned by the public and among those 77.59M shares have been available to trade.

The company’s stock has a 5-day price change of 22.22% and 77.05% over the past three months. WOOF shares are trading 63.61% year to date (YTD), with the 12-month market performance up to 49.42% higher. It has a 12-month low price of $1.41 and touched a high of $5.94 over the same period. WOOF has an average intraday trading volume of 4.01 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 19.79%, 12.96%, and 58.89% respectively.

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Institutional ownership of Petco Health and Wellness Co Inc (NASDAQ: WOOF) shares accounts for 56.52% of the company’s 235.83M shares outstanding.

It has a market capitalization of $1.42B and a beta (3y monthly) value of 1.88. The earnings-per-share (ttm) stands at -$4.98. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.08% over the week and 7.54% over the month.

Earnings per share for the fiscal year are expected to decrease by -176.13%, and 208.99% over the next financial year. EPS should grow at an annualized rate of 2.07% over the next five years, compared to -25.03% over the past 5-year period.

Looking at the support for the WOOF, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on July 19, 2024, with the firm’s price target at $3-$4. BofA Securities coverage for the Petco Health and Wellness Co Inc (WOOF) stock in a research note released on April 02, 2024 offered a Underperform rating with a price target of $1.50. Jefferies was of a view on December 19, 2023 that the stock is Hold, while Robert W. Baird gave the stock Neutral rating on November 30, 2023, issuing a price target of $8- $3. Wells Fargo on their part issued Equal Weight rating on November 29, 2023.

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