Petco Health and Wellness (NASDAQ:WOOF) Price Target Raised to $4.00

Petco Health and Wellness (NASDAQ:WOOF) had its price target boosted by UBS Group from $3.50 to $4.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts also recently issued reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Petco Health and Wellness in a research report on Monday, December 29th. Citigroup upped their target price on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Monday. Evercore dropped their price target on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a research note on Tuesday, February 3rd. Finally, Jefferies Financial Group raised Petco Health and Wellness from a “hold” rating to a “buy” rating and lifted their price target for the company from $4.05 to $5.00 in a report on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Petco Health and Wellness currently has an average rating of “Hold” and a consensus target price of $4.10.

Petco Health and Wellness Stock Down 4.4%

Shares of Petco Health and Wellness stock opened at $3.23 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The firm has a market cap of $1.03 billion, a P/E ratio of 107.67 and a beta of 1.75. Petco Health and Wellness has a fifty-two week low of $2.24 and a fifty-two week high of $4.51. The business has a 50-day moving average price of $2.74 and a 200 day moving average price of $3.10.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Wednesday, March 11th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. Petco Health and Wellness had a net margin of 0.15% and a return on equity of 0.89%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) EPS. On average, sell-side analysts forecast 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

Hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. purchased a new position in Petco Health and Wellness in the 3rd quarter worth about $26,000. Quantbot Technologies LP purchased a new stake in Petco Health and Wellness during the third quarter valued at about $34,000. National Bank of Canada FI acquired a new position in shares of Petco Health and Wellness in the third quarter worth about $35,000. Quarry LP acquired a new position in shares of Petco Health and Wellness in the third quarter worth about $38,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Petco Health and Wellness by 425.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock worth $30,000 after acquiring an additional 8,519 shares in the last quarter.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.