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

Petco Health and Wellness (NASDAQ:WOOF) had its price objective increased by Morgan Stanley from $3.00 to $6.00 in a report issued on Friday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts have also weighed in on WOOF. Wells Fargo & Company lifted 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. The Goldman Sachs Group decreased their price target on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Wedbush raised their price objective on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Friday. Royal Bank of Canada boosted their target price on shares of Petco Health and Wellness from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Citigroup increased 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Petco Health and Wellness currently has a consensus rating of “Hold” and a consensus target price of $4.16.

Petco Health and Wellness Trading Up 8.0 %

Shares of NASDAQ:WOOF opened at $5.29 on Friday. Petco Health and Wellness has a 52-week low of $1.41 and a 52-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. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -13.23 and a beta of 1.89. The business has a 50-day moving average price of $4.61 and a 200-day moving average price of $3.85.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). Petco Health and Wellness had a negative net margin of 1.77% and a negative return on equity of 5.36%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts predict that Petco Health and Wellness will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WOOF. AQR Capital Management LLC raised its stake in Petco Health and Wellness by 82.1% in the 2nd quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock valued at $22,661,000 after purchasing an additional 2,953,667 shares during the last quarter. Millennium Management LLC raised its position in shares of 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 valued at $10,127,000 after buying an additional 1,876,233 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Petco Health and Wellness by 1,212.7% in the second quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock worth $6,863,000 after buying an additional 1,677,179 shares in the last quarter. Vanguard Group Inc. boosted its position in 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 acquiring an additional 1,254,554 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in 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 valued at $12,857,000 after acquiring an additional 1,092,204 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.