today:
469
yesterday:
1,768
Total:
1,114,468

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
39 (TSLA) Tesla file 2021.08.03 73
38 (SOFI) SoFi Technologies file 2021.08.03 65
37 (OPEN) Opendoor Technologies 2021.08.03 66
36 (FUBO) fuboTV 2021.08.03 68
35 Here's Why Tesla, Moderna, Peloton And Zoom Are Moving 2021.04.13 360
34 Tesla 'Bringing A Machine Gun To A Knife Fight,' Canaccord Genuity Analyst Says 2021.04.12 105
33 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 2021.04.09 146
32 Removal of EV Tax Credit Ceiling Could Bode Well for Tesla -- Market Talk 2021.04.05 191
31 Benzinga's Bulls And Bears Of The Week 2021.04.03 66
30 Financial performance - TESLA 2021.03.29 96
29 Why Tesla Stock Fell Sharply on Friday 2021.03.26 69
28 Jim Cramer has some thoughts on the markets. 2021.03.22 75
27 TSLA CALL OPTION $700.00 strike March 26, 2021. 2021.03.22 242
26 Billionaire investor Ron Baron’s firm sold 1.8 million Tesla shares 2021.03.04 176
25 Why Tesla Took Off Standard Range Model Y From Its Offerings 2021.02.23 118
24 Cathie Wood's ARK Invest Posts Fund Purchases For Monday, Feb. 22, 2021: DCYHF, FB, OPEN, SURF, RPTX, REGN, EXAS, CMLF, SGFY, U, TXG, TWTR, TSLA, SPOT, PYPL, BEAM, FATE, RAVN, EXPC 2021.02.22 1190
23 Tesla, PG&E's Giant Battery Pack Project In California Is Almost Finished: Video 2021.02.22 148
22 Melvin Capital boss Gabe Plotkin is a bad guy 2021.02.18 122
21 Tesla's Unusual Options Activity 2021.02.17 132
20 Tesla May Have Already Made More In Profits From Bitcoin Than Electric Vehicles 2021.02.16 105
19 New Bill Could Net More Tesla, Ford And GM EV Buyers A $7,000 Tax Credit 2021.02.15 1331
18 New Tesla Roadster Patent Shows Wild Windshield Wiper Design 2021.02.15 5651
17 Tesla Denies Development Of $25,000 Model 2 Vehicle In China: cnEVpost 2021.02.15 84
16 Elon Musk Plans For Tesla Roadster To Be Able To Hover 6 Feet In The Air 2021.02.12 87
15 Why Retro And Mid-Core Gaming Is Liquid Media's Sweet Spot 2021.02.11 111
14 Not Just Bitcoin, Paypal's Vision Involves Central Bank Digital Currencies Too: What You Need To Know 2021.02.11 98
» Petco poised for growth after business shift to pet wellness from pet food 2021.02.09 74
12 Why did Tesla buy bitcoin? 2021.02.09 96
11 Tesla Gets A Street High $1,200 Price Target 2021.02.06 152
10 Activision Investors Applaud Q4 Report 2021.02.05 161