Petco Health and Wellness (NASDAQ:WOOF) Shares Climb 4.7% – What’s Next?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s stock price shot up 4.7% during trading on Monday. The stock traded as high as $2.33 and last traded at $2.3350. 1,187,055 shares changed hands during trading, a decline of 46% from the average session volume of 2,209,452 shares. The stock had previously closed at $2.23.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WOOF. UBS Group dropped their target price on Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, September 3rd. Robert W. Baird lifted their price target on Petco Health and Wellness from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Thursday, September 3rd. BNP Paribas Exane lowered their price target on Petco Health and Wellness from $2.34 to $2.11 and set an “underperform” rating on the stock in a report on Thursday, September 3rd. Weiss Ratings upgraded shares of Petco Health and Wellness from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, September 8th. Finally, Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Petco Health and Wellness presently has a consensus rating of “Hold” and a consensus price target of $3.42.

Petco Health and Wellness Stock Performance

The stock has a market cap of $763.51 million, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 2.11 and a beta of 1.59. The company’s 50-day simple moving average is $2.53 and its 200-day simple moving average is $2.67. The company has a quick ratio of 0.39, a current ratio of 0.90 and a debt-to-equity ratio of 1.21.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Wednesday, September 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. Petco Health and Wellness had a return on equity of 3.44% and a net margin of 0.51%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the firm earned $0.05 earnings per share. Analysts predict that Petco Health and Wellness Company, Inc. will post 0.10 EPS for the current fiscal year.

Institutional Trading of Petco Health and Wellness

Hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP lifted its position in Petco Health and Wellness by 113.1% in the 2nd quarter. Engineers Gate Manager LP now owns 90,072 shares of the company’s stock worth $245,000 after buying an additional 47,806 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Petco Health and Wellness in the second quarter worth $723,000. Bank of America Corp DE boosted its holdings in Petco Health and Wellness by 6.7% in the first quarter. Bank of America Corp DE now owns 269,589 shares of the company’s stock worth $749,000 after purchasing an additional 16,825 shares in the last quarter. Amundi acquired a new position in Petco Health and Wellness during the first quarter worth $54,000. Finally, Renaissance Technologies LLC bought a new position in Petco Health and Wellness during the first quarter valued at about $1,455,000.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc is a pet health and wellness retailer that provides products, services and advice for companion animals. The company sells pet food, treats, supplies, toys, habitats and other merchandise for dogs, cats, fish, birds, reptiles and small animals through its retail stores and e-commerce platforms.

In addition to merchandise, Petco offers a range of services designed to support pet care, including veterinary care, grooming, training, vaccinations, nutrition guidance and adoption services.