Evercore ISI Boosts Petco Health and Wellness (NASDAQ:WOOF) Price Target to $4.00

Petco Health and Wellness (NASDAQ:WOOF) had its target price lifted by investment analysts at Evercore ISI from $3.00 to $4.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 19.01% from the stock’s current price.

Several other equities analysts have also weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Tuesday, October 14th. UBS Group boosted their target price on shares of Petco Health and Wellness from $3.25 to $3.70 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Guggenheim reaffirmed a “neutral” rating on shares of Petco Health and Wellness in a report on Tuesday, September 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $3.96.

Petco Health and Wellness Stock Performance

Shares of WOOF stock opened at $3.36 on Wednesday. The firm has a market cap of $1.07 billion, a P/E ratio of -33.26 and a beta of 1.71. The stock’s 50-day moving average is $3.39 and its two-hundred day moving average is $3.29. Petco Health and Wellness has a fifty-two week low of $2.28 and a fifty-two week high of $6.29. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.31.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. Petco Health and Wellness had a negative net margin of 0.47% and a negative return on equity of 1.71%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm earned ($0.02) earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Petco Health and Wellness has set its FY 2025 guidance at EPS. Analysts predict that Petco Health and Wellness will post -0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. acquired a new position in Petco Health and Wellness during the 1st quarter worth about $51,000. R Squared Ltd raised its stake in Petco Health and Wellness by 152.7% during the 1st quarter. R Squared Ltd now owns 10,670 shares of the company’s stock worth $33,000 after buying an additional 6,447 shares during the period. Advyzon Investment Management LLC grew its stake in Petco Health and Wellness by 164.4% in the first quarter. Advyzon Investment Management LLC now owns 59,341 shares of the company’s stock valued at $181,000 after acquiring an additional 36,901 shares during the period. Vanguard Group Inc. increased its holdings in shares of Petco Health and Wellness by 8.5% in the first quarter. Vanguard Group Inc. now owns 8,691,631 shares of the company’s stock worth $26,509,000 after acquiring an additional 682,099 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Petco Health and Wellness by 15.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,236,396 shares of the company’s stock valued at $3,771,000 after acquiring an additional 168,465 shares in the last quarter.

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.