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Will Petco Health and Wellness Co Inc (WOOF) benefit from Wall Street bulls Calls?

Petco Health and Wellness Co Inc (NASDAQ: WOOF) is -38.61% lower on its value in year-to-date trading and has touched a low of $1.87 and a high of $10.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WOOF stock was last observed hovering at around $2.08 in the last trading session, with the day’s loss setting it -0.14%.

Currently trading at $1.94, the stock is -14.31% and -20.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.53 million and changing -6.73% at the moment leaves the stock -56.58% off its SMA200. WOOF registered -78.08% loss for a year compared to 6-month loss of -52.57%. The firm has a 50-day simple moving average (SMA 50) of $0.55 and a 200-day simple moving average (SMA200) of -$3.80.

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The stock witnessed a -25.38% gain in the last 1 month and extending the period to 3 months gives it a -38.61%, and is -1.02% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.62% over the week and 8.44% over the month.

Petco Health and Wellness Co Inc (WOOF) has around 29000 employees, a market worth around $520.87M and $6.26B in sales. Fwd P/E is 24.83. Profit margin for the company is -20.47%. Distance from 52-week low is 3.74% and -81.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.02%).

Petco Health and Wellness Co Inc quarterly earnings per share for the current quarter are estimated at -$0.06 with sales reaching $1.52B over the same period.The EPS is expected to shrink by -162.04% this year, but quarterly earnings will post -1.80% year-over-year.

Petco Health and Wellness Co Inc (WOOF) Top Institutional Holders

252 institutions hold shares in Petco Health and Wellness Co Inc (WOOF), with institutional investors hold 131.33% of the company’s shares. The shares outstanding are 231.20M, and float is at 139.44M with Short Float at 17.19%. Institutions hold 129.64% of the Float.

The top institutional shareholder in the company is Canada Pension Plan Investment Board with over 59.77 million shares valued at $531.91 million. The investor’s holdings represent 25.99% of the WOOF Shares outstanding. As of Jun 29, 2023, the second largest holder is Mackenzie Financial Corporation with 8.18 million shares valued at $72.77 million to account for 3.56% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 7.49 million shares representing 3.26% and valued at over $66.66 million, while Macquarie Group Limited holds 2.77% of the shares totaling 6.38 million with a market value of $56.74 million.

Petco Health and Wellness Co Inc (WOOF) Insider Activity

The most recent transaction is an insider purchase by BRIGGS GARY S,the company’sDirector. SEC filings show that BRIGGS GARY S bought 30,000 shares of the company’s common stock on Dec 01 ’23 at a price of $3.33 per share for a total of $99924.0. Following the purchase, the insider now owns 70085.0 shares.

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