Petco Health and Wellness (NASDAQ:WOOF) Price Target Raised to $6.00 at Wedbush

Petco Health and Wellness (NASDAQ:WOOF - Free Report) had its price objective raised by Wedbush from $5.50 to $6.00 in a report issued on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also issued reports on WOOF. The Goldman Sachs Group decreased their target price on Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Thursday, September 12th. Citigroup lifted 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 report on Thursday, September 12th. Royal Bank of Canada upped their price target on Petco Health and Wellness from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Wells Fargo & Company boosted their price objective on Petco Health and Wellness from $3.00 to $5.00 and gave the company an "equal weight" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $4.16.

Petco Health and Wellness Stock Up 8.0 %

WOOF traded up $0.39 during trading on Friday, hitting $5.29. 18,198,333 shares of the company's stock were exchanged, compared to its average volume of 3,259,581. The stock has a market cap of $1.65 billion, a P/E ratio of -13.23 and a beta of 1.89. The business's 50 day moving average is $4.61 and its two-hundred day moving average is $3.84. Petco Health and Wellness has a fifty-two week low of $1.41 and a fifty-two week high of $6.29. 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 (NASDAQ:WOOF - Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting 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 firm posted ($0.01) EPS. Petco Health and Wellness's quarterly revenue was down .5% compared to the same quarter last year. As a group, equities analysts expect that Petco Health and Wellness will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Petco Health and Wellness

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of 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 worth $20,994,000 after purchasing an additional 1,254,554 shares in the last quarter. Holocene Advisors LP raised its position in shares of Petco Health and Wellness by 8.7% during the 3rd quarter. Holocene Advisors LP now owns 7,557,293 shares of the company's stock valued at $34,386,000 after buying an additional 602,602 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Petco Health and Wellness by 82.1% during the 2nd 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 last quarter. Marshall Wace LLP lifted its holdings in shares of Petco Health and Wellness by 47.3% during the 2nd 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 last quarter. Finally, Millennium Management LLC grew its position in 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 in the last quarter.

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.