Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) have received a consensus recommendation of "Hold" from the twelve research firms that are covering the stock, Marketbeat reports. 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. The average 1-year price objective among brokers that have covered the stock in the last year is $3.49.

A number of research analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on Petco Health and Wellness from $3.00 to $3.50 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. The Goldman Sachs Group decreased their price target on Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Thursday, September 12th. Citigroup boosted their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a "neutral" rating in a research note on Thursday, September 12th. Wedbush boosted their price target on Petco Health and Wellness from $5.00 to $5.50 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company boosted their price target on Petco Health and Wellness from $2.75 to $3.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 11th.

Petco Health and Wellness Stock Down 3.1 %

Shares of WOOF traded down $0.14 on Thursday, reaching $4.35. The stock had a trading volume of 1,875,871 shares, compared to its average volume of 4,589,573. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -0.90 and a beta of 1.92. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. The company has a 50-day simple moving average of $4.26 and a 200-day simple moving average of $3.35. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $5.94.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last announced its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.02). The business 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 firm's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) earnings per share. Sell-side analysts predict that Petco Health and Wellness will post -0.23 EPS for the current year.

Institutional Trading of Petco Health and Wellness

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Petco Health and Wellness by 15.8% during the first quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company's stock valued at $20,994,000 after purchasing an additional 1,254,554 shares during the period. AQR Capital Management LLC boosted its stake in shares of Petco Health and Wellness by 82.1% in the second quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company's stock worth $22,661,000 after acquiring an additional 2,953,667 shares during the period. Marshall Wace LLP boosted its stake in shares of Petco Health and Wellness by 47.3% in the second quarter. Marshall Wace LLP now owns 3,401,248 shares of the company's stock worth $12,857,000 after acquiring an additional 1,092,204 shares during the period. Millennium Management LLC boosted its stake in shares of Petco Health and Wellness by 233.7% in the second quarter. Millennium Management LLC now owns 2,679,132 shares of the company's stock worth $10,127,000 after acquiring an additional 1,876,233 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in shares of Petco Health and Wellness by 1,212.7% in the second quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company's stock worth $6,863,000 after acquiring an additional 1,677,179 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.