Petco Health and Wellness (NASDAQ:WOOF) Trading 5.1% Higher

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) rose 5.1% during trading on Wednesday . The company traded as high as $4.73 and last traded at $4.70. Approximately 289,009 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 4,731,094 shares. The stock had previously closed at $4.47.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Wells Fargo & Company upped their target price on Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Citigroup lifted their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Royal Bank of Canada boosted their price target on Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, Wedbush reaffirmed an “outperform” rating and set a $5.00 target price on shares of Petco Health and Wellness in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.45.

Petco Health and Wellness Trading Up 7.4 %

The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39. The firm has a market cap of $1.49 billion, a PE ratio of -0.93 and a beta of 1.88. The company has a 50-day simple moving average of $3.41 and a 200 day simple moving average of $2.94.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned ($0.01) earnings per share. As a group, sell-side analysts forecast that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of Petco Health and Wellness

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ariadne Wealth Management LP acquired a new stake in shares of Petco Health and Wellness in the second quarter valued at about $81,000. Point72 Asset Management L.P. lifted its stake in Petco Health and Wellness by 1,212.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock valued at $6,863,000 after buying an additional 1,677,179 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in Petco Health and Wellness by 50.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 833,153 shares of the company’s stock worth $3,149,000 after buying an additional 280,644 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Petco Health and Wellness during the 2nd quarter worth approximately $135,000. Finally, Millennium Management LLC raised its holdings in shares of Petco Health and Wellness by 233.7% during the second quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock valued at $10,127,000 after acquiring an additional 1,876,233 shares during the last quarter.

About Petco Health and Wellness

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.