Petco Health and Wellness (NASDAQ:WOOF) Price Target Increased to $4.00 by Analysts at Wedbush

Petco Health and Wellness (NASDAQ:WOOF) had its price target lifted by Wedbush from $3.00 to $4.00 in a research note released on Thursday, Benzinga reports. Wedbush currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on WOOF. Robert W. Baird cut their price objective on Petco Health and Wellness from $3.00 to $2.50 and set a neutral rating for the company in a research report on Thursday, March 14th. Royal Bank of Canada lowered their target price on Petco Health and Wellness from $3.50 to $2.70 and set an outperform rating for the company in a research note on Friday, March 15th. UBS Group boosted their price objective on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the stock a neutral rating in a research report on Thursday. Evercore ISI dropped their price objective on Petco Health and Wellness from $4.00 to $3.00 and set an in-line rating for the company in a report on Friday, March 15th. Finally, Bank of America reissued an underperform rating and issued a $1.50 price target (down previously from $5.00) on shares of Petco Health and Wellness in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Petco Health and Wellness has a consensus rating of Hold and a consensus target price of $3.09.

Petco Health and Wellness Stock Up 12.9 %

NASDAQ WOOF opened at $3.58 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.24. The company has a market capitalization of $1.10 billion, a P/E ratio of -0.73 and a beta of 1.27. The company’s 50 day simple moving average is $1.95 and its 200 day simple moving average is $2.60. Petco Health and Wellness has a 12 month low of $1.41 and a 12 month high of $9.74.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.63 billion. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 earnings per share. Equities research analysts expect that Petco Health and Wellness will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of Petco Health and Wellness

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of Petco Health and Wellness by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 382,413 shares of the company’s stock worth $1,564,000 after purchasing an additional 5,695 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in Petco Health and Wellness by 117.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 22,318 shares of the company’s stock valued at $91,000 after purchasing an additional 12,076 shares during the last quarter. Versor Investments LP lifted its position in shares of Petco Health and Wellness by 108.9% in the third quarter. Versor Investments LP now owns 98,759 shares of the company’s stock valued at $404,000 after buying an additional 51,474 shares during the last quarter. Barclays PLC boosted its position in Petco Health and Wellness by 112.7% during the third quarter. Barclays PLC now owns 145,570 shares of the company’s stock worth $594,000 after purchasing an additional 77,118 shares during the period. Finally, Quantbot Technologies LP raised its holdings in Petco Health and Wellness by 2,727.7% in the 3rd quarter. Quantbot Technologies LP now owns 287,884 shares of the company’s stock valued at $1,177,000 after acquiring an additional 277,703 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.