Petco Health and Wellness Company Inc. (NASDAQ: WOOF) stock fell -7.13% on Friday to $4.30 against a previous-day closing price of $4.63. With 11.28 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.74 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $4.6100 whereas the lowest price it dropped to was $4.3000. The 52-week range on WOOF shows that it touched its highest point at $14.99 and its lowest point at $4.60 during that stretch. It currently has a 1-year price target of $6.77. Beta for the stock currently stands at 1.22.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WOOF was down-trending over the past week, with a drop of -12.60%, but this was down by -37.13% over a month. Three-month performance dropped to -51.52% while six-month performance fell -57.84%. The stock lost -70.87% in the past year, while it has lost -54.64% so far this year. A look at the trailing 12-month EPS for WOOF yields 0.14 with Next year EPS estimates of 0.36. For the next quarter, that number is 0.02. This implies an EPS growth rate of -44.90% for this year and 30.29% for next year. EPS is expected to grow by 48.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 18.20%.
Float and Shares Shorts:
At present, 267.16 million WOOF shares are outstanding with a float of 82.03 million shares on hand for trading. On Aug 30, 2023, short shares totaled 16.27 million, which was 6.08% higher than short shares on Jul 30, 2023. In addition to WOOF as the firm’s Petco Health and Wellness Compa, WOLF serves as its Wolfspeed, Inc.
Institutional Ownership:
Through their ownership of 63.53% of WOOF’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 65.52% of WOOF, in contrast to 42.32% held by mutual funds. Shares owned by individuals account for 23.54%. As the largest shareholder in WOOF with 26.07% of the stake, Canada Pension Plan Investment Bo holds 59,765,368 shares worth 59,765,368. A second-largest stockholder of WOOF, Mackenzie Financial Corp., holds 8,175,868 shares, controlling over 3.57% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in WOOF, holding 7,381,391 shares or 3.22% stake. With a 1.72% stake in WOOF, the Delaware Ivy Mid Cap Growth Fund is the largest stakeholder. A total of 3,935,039 shares are owned by the mutual fund manager. The Mackenzie US Small-Mid Cap Growth, which owns about 1.42% of WOOF stock, is the second-largest Mutual Fund holder. It holds 3,257,358 shares valued at 16.58 million. JPMorgan Small Cap Growth Fund holds 1.37% of the stake in WOOF, owning 3,135,474 shares worth 15.96 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WOOF since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WOOF analysts setting a high price target of $10.00 and a low target of $4.00, the average target price over the next 12 months is $6.77. Based on these targets, WOOF could surge 132.56% to reach the target high and fall by -6.98% to reach the target low. Reaching the average price target will result in a growth of 57.44% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded WOOF stock several times over the past three months with 5 Buys and 16 Sells. In these transactions, 107,879 shares were bought while 122,545 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 52 over the past year. The total number of shares bought during that period was 2,527,066 while 400,048 shares were sold.
