Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Consensus Rating of “Hold” by Analysts

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has earned an average recommendation of “Hold” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $2.96.

Several research analysts recently commented on the stock. UBS Group cut their price objective on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Wednesday, March 20th. Needham & Company LLC reaffirmed a “buy” rating and issued 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 shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Thursday, March 14th. Evercore ISI cut their price objective on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a report on Friday, March 15th. Finally, Citigroup cut their price objective on shares of Petco Health and Wellness from $2.85 to $1.75 and set a “neutral” rating for the company in a report on Tuesday.

Hedge Funds Weigh In On Petco Health and Wellness

A number of large investors have recently added to or reduced their stakes in WOOF. Bank of New York Mellon Corp raised its position in Petco Health and Wellness by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 382,413 shares of the company’s stock worth $1,564,000 after purchasing an additional 5,695 shares during the period. Orion Portfolio Solutions LLC raised its position in Petco Health and Wellness by 117.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 22,318 shares of the company’s stock worth $91,000 after purchasing an additional 12,076 shares during the period. Duality Advisers LP purchased a new position in shares of Petco Health and Wellness in the third quarter valued at about $1,487,000. Versor Investments LP increased its position in shares of Petco Health and Wellness by 108.9% in the third quarter. Versor Investments LP now owns 98,759 shares of the company’s stock valued at $404,000 after acquiring an additional 51,474 shares during the period. Finally, Barclays PLC increased its position in shares of Petco Health and Wellness by 112.7% in the third quarter. Barclays PLC now owns 145,570 shares of the company’s stock valued at $594,000 after acquiring an additional 77,118 shares during the period.

Petco Health and Wellness Trading Up 5.6 %

Shares of WOOF stock opened at $1.69 on Thursday. The company has a 50 day moving average of $1.98 and a 200-day moving average of $2.70. The company has a quick ratio of 0.24, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $10.76. The firm has a market cap of $519.45 million, a P/E ratio of -0.35 and a beta of 1.27.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Petco Health and Wellness had a negative net margin of 20.47% and a negative return on equity of 2.20%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business posted $0.17 EPS. Petco Health and Wellness’s quarterly revenue was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Petco Health and Wellness will post -0.23 earnings per share for the current year.

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.