today:
29
yesterday:
242
Total:
1,004,187

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
38 21 best retirement stocks for an income-rich 2021 2021.01.30 91
37 Shift to EVs for Rental-Car Companies file 2021.11.27 94
36 Melvin Capital boss Gabe Plotkin is a bad guy 2021.02.18 95
35 Tesla To Enter India Early Next Year, Transport Minister Confirms 2020.12.28 97
34 무디 , 테슬라 한등급 상향 (투자 적격 BAA3) 2023.03.20 98
33 Elon Musk donated roughly $1.9 billion of Tesla Inc. stock to charity last year 2023.02.14 99
32 Tesla's Unusual Options Activity 2021.02.17 105
31 Elon Musk 2020.12.24 107
30 China bans Videogame 2021.08.31 107
29 [테슬라] 저항선 $210 - $225 2023.02.09 109
28 Frank James in file images. 2022.04.13 111
27 China Car Sales Soar to Pre-Pandemic Levels; Tesla has its best month in the country, as demand for electric vehicles stand out in the market 2021.04.09 113
26 NYSE Begins to Delist Chinese Telecom Giants in Compliance With Trump’s Order 2021.01.02 114
25 Tesla, PG&E's Giant Battery Pack Project In California Is Almost Finished: Video 2021.02.22 114
24 [테슬라주식] 지금이 적극적매수 타이밍 2023.01.19 114
23 [테슬라] 켈리포니아에 서비스센터 다량투자 2023.01.23 114
22 Tesla Gets A Street High $1,200 Price Target 2021.02.06 123
21 Activision Investors Applaud Q4 Report 2021.02.05 131
20 Billionaire investor Ron Baron’s firm sold 1.8 million Tesla shares 2021.03.04 144
19 미국 증권 시장에서 주요 섹터 2024.03.04 145
18 모멘텀(Momentum) 투자 vs 펀더멘털(Fundamental) 투자 2024.03.04 147
17 단타, 스윙, 장기투자 비교 2024.03.04 150
16 미국의 세 가지 주요 주식 시장 지수 2024.03.04 151
15 Removal of EV Tax Credit Ceiling Could Bode Well for Tesla -- Market Talk 2021.04.05 163
14 Forced repatriation of North Korean defectors in 2019 file 2022.04.02 173
13 TSLA CALL OPTION $700.00 strike March 26, 2021. 2021.03.22 209
12 Dow Jones Industrial Average file 2020.12.24 218
11 Counties With Highest Vaccination Rates See More COVID-19 Cases Than Least Vaccinated 2022.04.04 238
10 S & P MAP 2024.03.04 307
9 Here's Why Tesla, Moderna, Peloton And Zoom Are Moving 2021.04.13 313