Petco Health and Wellness (NASDAQ:WOOF) Stock Rating Reaffirmed by Wedbush

Petco Health and Wellness (NASDAQ:WOOFGet Free Report)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Wedbush in a report released on Wednesday, Benzinga reports. They presently have a $4.00 price target on the stock. Wedbush’s price target would indicate a potential upside of 1.78% from the stock’s current price.

Several other research analysts have also issued reports on the company. Bank of America reaffirmed an “underperform” rating and set a $1.50 target price (down from $5.00) on shares of Petco Health and Wellness in a research report on Tuesday, April 2nd. Wells Fargo & Company decreased their price objective on shares of Petco Health and Wellness from $3.00 to $2.00 and set an “equal weight” rating for the company in a research report on Monday, March 25th. Citigroup lowered their target price on shares of 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. Robert W. Baird cut their price target on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Finally, UBS Group lifted their price objective on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $3.09.

Read Our Latest Stock Analysis on WOOF

Petco Health and Wellness Price Performance

NASDAQ WOOF opened at $3.93 on Wednesday. The company has a market cap of $1.21 billion, a PE ratio of -0.80 and a beta of 1.27. The firm’s 50 day moving average price is $2.08 and its 200-day moving average price is $2.61. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.21 and a current ratio of 0.85. Petco Health and Wellness has a 52-week low of $1.41 and a 52-week high of $9.74.

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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Petco Health and Wellness had a negative return on equity of 4.22% and a negative net margin of 21.27%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the business posted $0.17 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts forecast that Petco Health and Wellness will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Cameron Breitner purchased 750,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were purchased at an average cost of $3.14 per share, with a total value of $2,355,000.00. Following the completion of the acquisition, the director now owns 750,000 shares of the company’s stock, valued at approximately $2,355,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Everhart Financial Group Inc. acquired a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $41,000. Headlands Technologies LLC acquired a new stake in Petco Health and Wellness in the 1st quarter valued at about $30,000. Norden Group LLC purchased a new position in Petco Health and Wellness in the 1st quarter worth approximately $31,000. FNY Investment Advisers LLC acquired a new position in shares of Petco Health and Wellness during the 4th quarter worth approximately $44,000. Finally, Grey Street Capital LLC purchased a new stake in shares of Petco Health and Wellness in the fourth quarter valued at approximately $50,000.

About Petco Health and Wellness

(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.

See Also

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

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