today:
208
yesterday:
219
Total:
1,004,124

증권

Petco Health & Wellness Co. (WOOF) has shifted its business away from bricks-and-mortar pet food retail and is now once again a publicly traded company poised for growth.

 

"The company is in the midst of a transformation under new CEO Ron Coughlin, developing a fully-integrated comprehensive pet care ecosystem to serve the 50% of pet parents who prefer a one-stop experience that cannot be matched by online-only competitors," wrote Wedbush analysts led by Seth Basham.

 

Wedbush notes that Petco was a private company for 14 years before trading began last month (https://www.marketwatch.com/story/petco-shares-soar-more-than-50-as-trading-begins-2021-01-14?mod=mw_quote_news).

 

Moreover, Petco has gone public after a surge of pet ownership during COVID-19, with adoptions increasing 4% in 2020, analysts say.

 

Read: Petco CEO highlights the resiliency of the pet industry as COVID-19 drives increase in adoption (https://www.marketwatch.com/story/petco-ceo-highlights-the-resiliency-of-the-pet-industry-as-covid-19-drives-increase-in-adoption-11610658883?mod=mw_quote_news)

 

(https://twitter.com/Petco/status/1358826398698340353)

 

Petco continues to enhance its online presence and is adding to the number pet care centers it operates.

 

"In our view, however, industry sales will continue to shift to the lower-margin online channel, with Petco having to accept these lower margins or risk losing more customers," Wedbush said.

 

A move to services could also put pressure on margins.

 

Wedbush rates Petco stock neutral with a $25 price target.

 

Well Fargo is more upbeat about the move that Petco has made to pet health and wellness, initiating shares at overweight in a note with the headline, "From Pet Peeve to Cat's Meow."

 

Wells Fargo has a $30 price target on Petco shares.

 

"Over the past three-to-four years, Petco has transformed its business from a traditional, underperforming bricks-and-mortar retailer (1,500 stores) with a commoditized pet food-heavy offering to a fully integrated, digitally focused provider of pet health and wellness products and services," wrote analysts led by Zachary Fadem.

 

Also:General Mills says economic troubles will drive at-home dining even after the pandemic is over (https://www.marketwatch.com/story/general-mills-says-economic-troubles-will-drive-at-home-dining-even-after-the-pandemic-is-over-11608222518)

 

"In the years ahead, we see strong secular growth, category defensiveness, and share opportunities via differentiation, digital, and vet/services."

 

UBS analysts forecast 100% digital sales growth for fiscal 2020.

 

"Admittedly, it's tough to fully parse out how much of its recent strength is attributable to underlying industry demand (accelerating pet adoption rates) vs. the success of Petco's differentiation efforts," wrote analysts led by Michael Lasser.

 

"The likely case is that it is benefiting from both. We think the category's momentum is likely to stick around until at least 2H'21 as COVID-19 lingers."

 

UBS rates Petco stock neutral with a $28 price target.

 

Don't miss: 'New normal' grows more likely as vaccine acceptance, stimulus spending increase: Stifel data (https://www.marketwatch.com/story/new-normal-grows-more-likely-as-vaccine-acceptance-stimulus-spending-increase-stifel-data-11612803888?mod=home-page)

 

Credit Suisse also initiates Petco with a neutral stock rating and $28 price target. Analysts there say repeat business and same-day delivery will be a plus for Petco.

 

Petco stock closed Monday at $26.74, up 1.5% for the day. Petco priced at $18.

No. Subject Date Views
128 Tesla Inc. (TSLA) rallied 3.43% to $1,114.00 Friday 2021.10.29 33
127 Cathie Wood's ARK Invest Posts Fund file 2021.11.02 34
126 Tesla short-sellers took a $1 billion hit after earnings 2022.07.24 34
125 CFRA, 테슬라 [적극매수- STRONG BUY]로 등급 상향 2022.08.18 34
124 EV Week In Review 2021.10.23 35
123 Tesla (TSLA) is launching a new shareholder platform to manage its large investor base 2022.07.26 35
122 Jeff Bezos' Blue Origin Loses Lawsuit Against NASA Over SpaceX Lunar Lander file 2021.11.04 35
121 Cathie Wood's ARK Invest Posts Fund Purchases For Wednesday, Nov. 3, 2021 file 2021.11.04 35
120 Cramer Suggests Tesla Since 'They're Also In The Lithium Business' 2022.08.24 35
119 (FUBO) fuboTV 2021.08.03 36
118 Tesla's Giga Shanghai To Resume Operation Beginning Monday Following Protracted Shutdown: Report file 2022.04.15 36
117 [테슬라] 저평가 종목 $1100이 적정수준 2022.06.14 36
116 Who owns Tesla stock? 2022.08.15 36
115 (OPEN) Opendoor Technologies 2021.08.03 37
114 Ultragenyx Pharmaceutical 2022.02.17 37
113 Asian shares fall in thin trading after rout on Wall St 2022.05.01 37
112 [일런머스크] 트위터 인수 포기 2022.07.08 37
111 Tesla (TSLA) secures deal for $5 billion worth of nickel in Indonesia, says official 2022.08.08 37
110 Elon Musk Plans Crusade On Twitter Spam And Bots — New Data Reveals The Size Of His Problem 2022.05.02 38
109 Musk Makes a Big Promise After Selling Millions of Tesla Shares 2022.04.29 38
108 Texas Clogs Ports of Entry as State Forces Attention on Illegal Immigration 2022.04.11 39
107 Why Tesla Stock Fell Sharply on Friday 2021.03.26 40
106 Elon Musk Sells Around $5 Billion in Tesla Stock file 2021.11.10 40
» Petco poised for growth after business shift to pet wellness from pet food 2021.02.09 41
104 Elon Musk sold around $4 billion worth of Tesla shares as he moved to buy Twitter file 2022.04.28 41
103 Elon Musk sells $1 million worth of new perfume, 'Burnt Hair' 2022.10.12 41
102 Jim Cramer has some thoughts on the markets. 2021.03.22 42
101 Analyst Stays Bullish on Tesla Stock. That’s Helping to Fuel a 3-Day Rally. 2022.05.27 42
100 Bill Gates has a short position against Tesla Inc. 2022.05.27 42
99 Benzinga's Bulls And Bears Of The Week 2021.04.03 43