Petco Health and Wellness (NASDAQ:WOOF) Shares Gap Up to $2.45

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $2.45, but opened at $2.76. Petco Health and Wellness shares last traded at $3.19, with a volume of 5,357,264 shares changing hands.

Wall Street Analyst Weigh In

WOOF has been the subject of several analyst reports. Bank of America reaffirmed an “underperform” rating and set a $1.50 price objective (down from $5.00) on shares of Petco Health and Wellness in a research note on Tuesday, April 2nd. Evercore ISI reduced their price objective on Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a research note on Friday, March 15th. UBS Group upped their price objective on Petco Health and Wellness from $2.50 to $3.25 and gave the company a “neutral” rating in a research note on Thursday. Wedbush upped their price objective on Petco Health and Wellness from $3.00 to $4.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Citigroup reduced their price objective on Petco Health and Wellness from $2.85 to $1.75 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Petco Health and Wellness has a consensus rating of “Hold” and a consensus target price of $3.07.

Petco Health and Wellness Stock Performance

The company has a quick ratio of 0.24, a current ratio of 0.85 and a debt-to-equity ratio of 1.35. The business has a fifty day moving average of $1.92 and a two-hundred day moving average of $2.61.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Petco Health and Wellness had a negative return on equity of 4.22% and a negative net margin of 21.27%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. As a group, equities research analysts forecast that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Petco Health and Wellness

A number of large investors have recently bought and sold shares of WOOF. AQR Capital Management LLC grew its holdings in Petco Health and Wellness by 73.4% during the 3rd quarter. AQR Capital Management LLC now owns 5,225,206 shares of the company’s stock valued at $21,084,000 after buying an additional 2,210,988 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Petco Health and Wellness during the 1st quarter valued at $4,091,000. Vanguard Group Inc. grew its holdings in Petco Health and Wellness by 15.8% during the 1st quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock valued at $20,994,000 after buying an additional 1,254,554 shares during the last quarter. SG Americas Securities LLC grew its holdings in Petco Health and Wellness by 157.3% during the 1st quarter. SG Americas Securities LLC now owns 1,066,507 shares of the company’s stock valued at $2,432,000 after buying an additional 652,080 shares during the last quarter. Finally, Hawk Ridge Capital Management LP acquired a new stake in Petco Health and Wellness during the 3rd quarter valued at $2,362,000.

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.