Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) had its price target raised by investment analysts at Morgan Stanley from $3.00 to $6.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 13.42% from the company’s previous close.
Several other equities analysts also recently issued reports on WOOF. The Goldman Sachs Group cut their price objective on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Royal Bank of Canada upped their price target on shares of Petco Health and Wellness from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Friday. Wedbush lifted their price objective on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Friday. Citigroup upped their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, Wells Fargo & Company raised their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Petco Health and Wellness currently has a consensus rating of “Hold” and an average price target of $4.16.
Read Our Latest Stock Analysis on WOOF
Petco Health and Wellness Trading Up 8.0 %
Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) last issued its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the business posted ($0.01) EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts forecast that Petco Health and Wellness will post -0.23 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Petco Health and Wellness by 15.8% during the 1st quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock worth $20,994,000 after purchasing an additional 1,254,554 shares during the period. Holocene Advisors LP boosted its holdings in Petco Health and Wellness by 8.7% during the third quarter. Holocene Advisors LP now owns 7,557,293 shares of the company’s stock worth $34,386,000 after buying an additional 602,602 shares in the last quarter. AQR Capital Management LLC grew its position in Petco Health and Wellness by 82.1% during the second quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock valued at $22,661,000 after buying an additional 2,953,667 shares during the period. Marshall Wace LLP increased its holdings in Petco Health and Wellness by 47.3% in the second quarter. Marshall Wace LLP now owns 3,401,248 shares of the company’s stock valued at $12,857,000 after buying an additional 1,092,204 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Petco Health and Wellness by 233.7% in the second quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock worth $10,127,000 after acquiring an additional 1,876,233 shares during the period.
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.
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