RBC Capital Mkts slashes price target on Petco Health and Wellness Company Inc. [WOOF] – find out why.
Petco Health and Wellness Company Inc. [NASDAQ: WOOF] The price fell -5.61 percent to $0.74. Company report on September 6, 2022 Presented by Petco at the 29th Annual Goldman Sachs Retail Conference.
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Petco Health and Wellness Company, Inc. (“The Company” or “Petco”) (NASDAQ: WOOF) today that the Company will attend the 29th Annual Global Retail Congress at Goldman Sachs on Wednesday, September 7, 2022 at 4 PM. time. The live webcast will be available via the company’s investor relations page at ir.petco.com. The webcast will be archived on the company’s website until September 21, 2022.
516,653 shares were traded in the last session while the average daily trading volume was 2.19 million shares. Shares of Petco Health and Wellness Company Inc. It reached a high of $13.16 and dropped to a low of $12.26 to finish in the last session at $12.45.
WOOF’s one-year forecast is for a potential rise of 33.95. The average equity rating of WOOF is currently 2.20, and it trades more closely to a bullish pattern in the stock market.
Educator’s opinion of Petco Health and Wellness Company Inc. [WOOF]:
Based on careful, fact-backed analyzes by Wall Street experts, the current consensus on a target price for WOOF shares is $18.85 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on WOOF stock is a set recommendation at 2.20. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
RBC Capital Mkts has made an appreciation for the shares of Petco Health and Wellness Company Inc. , retaining their opinion of the stock as Outperform, with their previous recommendation back on September 7, 2022. While these analysts retained the previous recommendation, Morgan Stanley raised their price target to equal weight. The new note was issued on the target price on May 16, 2022, which is the official target price for Petco Health and Wellness Company Inc. stock. Previously, the target price had received another increase to $30, while Needham analysts maintained a buy rating on the stock. WOOF.
The Average True Range (ATR) was determined by Petco Health and Wellness Company Inc. at 0.69, with a price-to-sales ratio for WOOF stock in the last twelve months period of 0.65. The price-to-book ratio for the last quarter was 1.45, with the price-to-cash ratio for the stock in the same quarter set at 0.40.
WOOF stock performance analysis:
Petco Health and Wellness Company Inc. [WOOF] It fell into the red at the end of last week, fell in a negative direction and fell by -15.65. With this latest performance, WOOF shares are down -20.85% over the past four-week period, as well as -35.99% over the past six months — not to mention a -44.39% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for WOOF stock for the past two weeks was set at 27.75, with the RSI for the last one trading at 19.27, and the three-week RSI set at 33.30 for Petco Health and Wellness Company Inc. [WOOF]. The current moving average of the last 50 trading days for this stock is 14.82, while it recorded at 13.62 for the last trading week, and 17.52 for the last 200 days.
An insight into the basics of Petco Health and Wellness Company Inc.:
Operating margin for any stock indicates how profitable the investment is, Petco Health and Wellness Company Inc. [WOOF] The stock currently has an operating margin of +4.76 and a gross margin of +41.79. Net margin reported to Petco Health and Wellness Company Inc. Currently at +2.83.
The return on equity for this stock rose to 7.57, with the return on assets remaining at 2.44.
The liquidity data of Petco Health and Wellness Company Inc. Interesting too, with the quick ratio at 0.30 and the current ratio at 1.00.
EPS Stock WOOF
The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on a 5-year EPS growth forecast for WOOF. When it comes to the stated value, analysts expect 5-year EPS growth to rise for Petco Health and Wellness Company Inc. to 48.80%.
Petco Health and Wellness Company Inc. [WOOF] Insider position details
There are currently approximately $1,962 million, or 71.90% of WOOF’s stock, in the hands of institutional investors. The three largest corporate owners of WOOF shares are: CANADA PENSION PLAN INVESTMENT BOARD with ownership of 59,765,368, which is approximately 0% of the company’s market capitalization and approximately 0.90% of the total corporate ownership; MACKENZIE FINANCIAL CORP, which owns 7,621,157 shares with an approximate value of $94.88 million in WOOF stock; and William Blair Investment Management, LLC, with $94.86 million in WOOF shares with nearly new ownership of the company’s market value.
Positions in the shares of Petco Health and Wellness Company Inc. have increased. held by institutional investors at the end of August and at the time of the August report, as 124 institutional owners consolidated their positions at Petco Health and Wellness Company Inc. [NASDAQ:WOOF] About 22977908 shares. In addition, the number of 102 investors decreased by about 16,340,425 shares, while 22 investors held positions with 118,285,181 shares. The said changes put institutional holdings at 15,7603,514 shares, according to the latest report from the Securities and Exchange Commission. WOOF’s stock included 42 new institutional investments with a total of 14,753,660 shares, while 35 institutional investors sold positions of 5,299,977 shares during the same period.