Petco Health and Wellness (NASDAQ:WOOF) PT Raised to $5.50 at Wedbush

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) had its price objective boosted by investment analysts at Wedbush from $5.00 to $5.50 in a report released on Friday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Wedbush's price objective suggests a potential upside of 11.56% from the stock's previous close.

WOOF has been the topic of a number of other reports. The Goldman Sachs Group cut their price target on Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating on the stock in a report on Thursday, September 12th. Royal Bank of Canada upped their target price on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an "outperform" rating in a report on Wednesday, September 11th. Wells Fargo & Company upped their target price 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. Finally, Citigroup upped their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a "neutral" rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Petco Health and Wellness currently has a consensus rating of "Hold" and an average price target of $3.49.

Petco Health and Wellness Trading Up 7.6 %

Shares of Petco Health and Wellness stock traded up $0.35 during trading on Friday, reaching $4.93. 3,906,833 shares of the company were exchanged, compared to its average volume of 4,694,911. 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 business has a 50-day moving average price of $3.90 and a 200-day moving average price of $3.18. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -0.99 and a beta of 1.92.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last posted its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.02). The firm had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.53 billion. Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The company's revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) earnings per share. Sell-side analysts anticipate that Petco Health and Wellness will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Petco Health and Wellness

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caprock Group LLC bought a new position in shares of Petco Health and Wellness in the 2nd quarter valued at $44,000. Choreo LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter worth about $45,000. Headlands Technologies LLC acquired a new stake in Petco Health and Wellness during the 1st quarter worth about $30,000. Frank Rimerman Advisors LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter worth about $50,000. Finally, Norden Group LLC acquired a new stake in Petco Health and Wellness during the 1st quarter worth about $31,000.

About Petco Health and Wellness

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.