Petco Health and Wellness ( NASDAQ : WOOF ) Announces Earnings Results.

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The company reported a net income of $1.1 billion for the fiscal year 2023, marking a significant increase from the previous year’s $500 million. This impressive growth is attributed to several factors, including a strong performance in its core pet care business, strategic acquisitions, and a robust digital platform. Petco’s core pet care business continues to be a major driver of its success.

Petco Health and Wellness Price Performance Shares of WOOF opened at $4.08 on Thursday. Petco Health and Wellness has a 52-week low of $1.41 and a 52-week high of $4.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.21 and a current ratio of 0.85. The business’s 50 day moving average price is $3.08 and its two-hundred day moving average price is $2.73. The firm has a market cap of $1.27 billion, a PE ratio of -0.83 and a beta of 1.88. Get Petco Health and Wellness alerts: Analysts Set New Price Targets WOOF has been the topic of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $5.00 target price on shares of Petco Health and Wellness in a research report on Wednesday. Citigroup boosted their price target on Petco Health and Wellness from $3.00 to $4.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Wells Fargo & Company boosted their price target on Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group boosted their price target on Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a report on Thursday, May 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $5.00 price target on shares of Petco Health and Wellness in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Petco Health and Wellness currently has a consensus rating of “Hold” and a consensus target price of $3.49.

About Petco Health and Wellness (Get Free Report) Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics. Further Reading Receive News & Ratings for Petco Health and Wellness Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Petco Health and Wellness and related companies with MarketBeat.com’s FREE daily email newsletter.

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