Petco Health and Wellness (NASDAQ:WOOF) PT Raised to $5.50

Petco Health and Wellness (NASDAQ:WOOF) had its target price raised by analysts at Wedbush from $5.00 to $5.50 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective suggests a potential upside of 11.56% from the stock’s previous close.

Other analysts have also issued research reports about the company. Citigroup increased their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. Royal Bank of Canada increased their target price 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. Wells Fargo & Company lifted their price target on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Finally, The Goldman Sachs Group reduced 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 research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Petco Health and Wellness presently has a consensus rating of “Hold” and a consensus target price of $3.49.

Petco Health and Wellness Price Performance

Shares of Petco Health and Wellness stock opened at $4.93 on Friday. The stock’s fifty day moving average is $3.95 and its 200 day moving average is $3.20. Petco Health and Wellness has a one year low of $1.41 and a one year high of $5.94. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. The stock has a market cap of $1.53 billion, a P/E ratio of -1.00 and a beta of 1.92.

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

Institutional Trading of Petco Health and Wellness

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised 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 acquiring an additional 1,254,554 shares in the last quarter. AQR Capital Management LLC raised its stake in Petco Health and Wellness by 82.1% in 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 last quarter. Marshall Wace LLP boosted 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 worth $12,857,000 after acquiring an additional 1,092,204 shares in the last quarter. Millennium Management LLC grew its stake 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 worth $10,127,000 after acquiring an additional 1,876,233 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Petco Health and Wellness by 1,212.7% during the second quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock worth $6,863,000 after acquiring an additional 1,677,179 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.