Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Price Target at $3.49

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have received an average rating of “Hold” from the twelve brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $3.49.

A number of equities analysts have recently issued reports on the stock. Wedbush increased their price objective on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the company an “outperform” rating in a research note on Friday, October 18th. Wells Fargo & Company increased their price objective on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group dropped their price objective on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Citigroup increased their price objective on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, Royal Bank of Canada increased their price objective on shares of 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.

Institutional Investors Weigh In On Petco Health and Wellness

Several large investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in Petco Health and Wellness during the 1st quarter worth about $30,000. Norden Group LLC bought a new stake in Petco Health and Wellness during the 1st quarter worth about $31,000. Caprock Group LLC bought a new stake in Petco Health and Wellness during the 2nd quarter worth about $44,000. Choreo LLC bought a new stake in Petco Health and Wellness during the 2nd quarter worth about $45,000. Finally, Delap Wealth Advisory LLC bought a new stake in Petco Health and Wellness during the 1st quarter worth about $49,000.

Petco Health and Wellness Price Performance

NASDAQ:WOOF opened at $4.49 on Thursday. The stock has a market cap of $1.40 billion, a P/E ratio of -0.90 and a beta of 1.92. Petco Health and Wellness has a one year low of $1.41 and a one year high of $5.94. The company has a fifty day moving average price of $4.32 and a 200 day moving average price of $3.39. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS. Analysts anticipate that Petco Health and Wellness will post -0.23 earnings per share for the current year.

Petco Health and Wellness Company Profile

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.