Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $3.49 Average Price Target from Analysts

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

Several equities research analysts recently issued reports on the company. Wedbush lifted their price objective on 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 boosted their price objective on Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Royal Bank of Canada raised 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. Citigroup boosted their price target on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group lowered 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.

Petco Health and Wellness Trading Up 8.0 %

Shares of WOOF opened at $4.30 on Monday. The business’s 50-day moving average price is $4.58 and its 200-day moving average price is $3.72. The company has a quick ratio of 0.24, a current ratio of 0.84 and a debt-to-equity ratio of 1.39. Petco Health and Wellness has a twelve month low of $1.41 and a twelve month high of $5.94. The stock has a market cap of $1.34 billion, a PE ratio of -0.87 and a beta of 1.92.

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

Hedge Funds Weigh In On Petco Health and Wellness

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caprock Group LLC bought a new stake in Petco Health and Wellness in the 2nd quarter worth $44,000. Choreo LLC purchased a new position in Petco Health and Wellness during the 2nd quarter valued at about $45,000. Frank Rimerman Advisors LLC purchased a new position in Petco Health and Wellness during the 2nd quarter valued at about $50,000. Point72 Asia Singapore Pte. Ltd. raised its position in Petco Health and Wellness by 253.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after purchasing an additional 8,056 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Petco Health and Wellness in the 2nd quarter worth approximately $52,000.

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.