Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $3.49 Average PT from Brokerages

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) has received a consensus recommendation of "Hold" from the twelve ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $3.49.

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

Petco Health and Wellness Stock Performance

WOOF traded up $0.06 during trading on Monday, reaching $4.23. 3,115,664 shares of the company were exchanged, compared to its average volume of 4,466,134. The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39. The stock has a market cap of $1.32 billion, a P/E ratio of -0.86 and a beta of 1.92. Petco Health and Wellness has a 52 week low of $1.41 and a 52 week high of $5.94. The firm has a 50 day moving average of $4.60 and a 200 day moving average of $3.69.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last issued its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.02). Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the company posted ($0.01) EPS. The business's revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts forecast that Petco Health and Wellness will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Petco Health and Wellness

A number of institutional investors have recently bought and sold shares of WOOF. Point72 Asset Management L.P. grew its holdings in shares of Petco Health and Wellness by 1,212.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company's stock valued at $6,863,000 after acquiring an additional 1,677,179 shares in the last quarter. Vanguard Group Inc. increased its position in Petco Health and Wellness by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company's stock worth $20,994,000 after purchasing an additional 1,254,554 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its stake in shares of Petco Health and Wellness by 50.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 833,153 shares of the company's stock worth $3,149,000 after purchasing an additional 280,644 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Petco Health and Wellness during the 1st quarter worth about $588,000. Finally, Wedmont Private Capital bought a new stake in shares of Petco Health and Wellness in the 2nd quarter valued at approximately $81,000.

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.