Petco (WOOF) Stock Rises On Solid Earnings Report

<p>Petco (WOOF) stock price today is up over 3%. The Petco (WOOF) earnings report indicated $0.17 in EPS, beating the estimate. "Inflation is setting into Petco costs, but not seeing a significant trade down to date," says Jefferies' Stephanie Wissink. They have a hold rating on the WOOF stock with a $19 price target. "Potential positives for Petco are a fully-integrated ecosystem, competitive advantage, and the company is focused on high value and health-conscious pet owners," says Lee Bohl.</p><p><br></p>