Wells Fargo & Company Lowers Petco Health and Wellness (NASDAQ:WOOF) Price Target to $2.00

Petco Health and Wellness (NASDAQ:WOOFGet Free Report) had its price objective cut by research analysts at Wells Fargo & Company from $3.00 to $2.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 6.38% from the company’s current price.

Several other analysts have also weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price objective on shares of Petco Health and Wellness in a report on Wednesday, March 13th. Robert W. Baird cut their price objective on Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Jefferies Financial Group began coverage on Petco Health and Wellness in a report on Tuesday, December 19th. They set a “hold” rating and a $3.11 target price on the stock. Wedbush cut their price target on Petco Health and Wellness from $4.50 to $3.50 and set an “outperform” rating for the company in a report on Thursday, November 30th. Finally, Evercore ISI reduced their price target on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a research report on Friday, March 15th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Petco Health and Wellness currently has a consensus rating of “Hold” and a consensus target price of $4.68.

View Our Latest Report on WOOF

Petco Health and Wellness Trading Down 4.1 %

WOOF stock opened at $1.88 on Monday. Petco Health and Wellness has a 1-year low of $1.87 and a 1-year high of $10.76. The company has a current ratio of 0.86, a quick ratio of 0.24 and a debt-to-equity ratio of 1.33. The business’s 50 day moving average is $2.47 and its 200-day moving average is $3.14. The firm has a market cap of $575.81 million, a P/E ratio of -0.39 and a beta of 1.17.

Petco Health and Wellness (NASDAQ:WOOFGet Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the business posted $0.17 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. Equities analysts anticipate 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

A number of hedge funds and other institutional investors have recently bought and sold shares of WOOF. MetLife Investment Management LLC acquired a new stake in shares of Petco Health and Wellness during the first quarter worth $25,000. Deutsche Bank AG grew its position in shares of Petco Health and Wellness by 607.8% during the 4th quarter. Deutsche Bank AG now owns 3,829 shares of the company’s stock worth $36,000 after buying an additional 3,288 shares during the period. Advisory Services Network LLC grew its position in shares of Petco Health and Wellness by 61.9% during the 1st quarter. Advisory Services Network LLC now owns 4,065 shares of the company’s stock worth $37,000 after buying an additional 1,554 shares during the period. Oracle Alpha Inc. bought a new stake in shares of Petco Health and Wellness in the 4th quarter valued at about $39,000. Finally, Everhart Financial Group Inc. acquired a new stake in Petco Health and Wellness during the 4th quarter worth approximately $41,000.

Petco Health and Wellness Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Petco Health and Wellness (NASDAQ:WOOF)

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