Bank of America Securities analyst, Elizabeth Suzuki, has maintained a Buy rating on Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) while lowering the price target from $14.5 to $12. As of May 26, 2023, the pet food and health products company has a market cap of $2.15B and revenue of $6.04B. Despite beating top and bottom-line expectations with Q1 2023 revenue of $1.56B, the stock saw a 2.3% premarket dip due to soft guidance. On May 25, 2023, Petco Health & Wellness Co. Inc.’s stock (WOOF) fell 2.3% in premarket trades, with the stock price at $8.06.
WOOF Stock Performance and Financial Analysis on May 26, 2023
On May 26, 2023, WOOF stock opened at 8.01, slightly lower than its previous close of 8.06. Throughout the day, the stock fluctuated within a range of 7.92 to 8.15, with a volume of 55,616 shares traded.
WOOF, which operates in the internet retail sector, has a market cap of $3.0B. Its earnings growth for the past year and this year were -44.88% and -30.13%, respectively. However, its revenue growth for the past year was positive at 3.94%.
WOOF’s net profit margin is 1.50%, which is relatively low. The company’s earnings growth forecast for the next five years is negative, at -2.20%.
WOOF is set to report its next earnings on August 17, 2023, with an EPS forecast of $0.07. In the previous year, the company generated $6.0B in annual revenue and $90.8M in annual profit.
Overall, WOOF’s stock performance on May 26, 2023, was relatively stable, with minor fluctuations throughout the day. However, the company’s negative earnings growth forecast and low net profit margin may be a cause for concern for investors.
Petco Health and Wellness Company Incs Stock Closes at $8.11 with Analysts Predicting a Median Target of $10.00
On May 26, 2023, Petco Health and Wellness Company Inc’s stock, trading under the ticker symbol WOOF, closed at $8.11. The 14 analysts offering 12-month price forecasts for the stock had a median target of $10.00, with a high estimate of $12.00 and a low estimate of $6.00. Petco Health and Wellness Company Inc is a leading pet retailer in the United States. According to CNN Money, the current consensus among 15 polled investment analysts is to hold stock in Petco Health and Wellness Company Inc. Looking ahead, Petco Health and Wellness Company Inc is set to report its earnings for the current quarter on August 17, 2023.
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