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

Petco Health and Wellness (NASDAQ:WOOF) had its price target increased by Wedbush from $5.50 to $6.00 in a report released on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also issued reports on WOOF. The Goldman Sachs Group cut their target price on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Wells Fargo & Company upped their price objective on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Friday. Royal Bank of Canada raised their price objective on Petco Health and Wellness from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Friday. Finally, Citigroup upped their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.16.

Petco Health and Wellness Stock Performance

NASDAQ WOOF opened at $5.29 on Friday. The company’s 50 day simple moving average is $4.61 and its two-hundred day simple moving average is $3.85. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $6.29. The stock has a market capitalization of $1.65 billion, a PE ratio of -13.23 and a beta of 1.89.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. Petco Health and Wellness had a negative return on equity of 5.36% and a negative net margin of 1.77%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. Analysts predict 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

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in shares of Petco Health and Wellness by 0.4% during the second quarter. SG Americas Securities LLC now owns 1,070,559 shares of the company’s stock valued at $4,047,000 after acquiring an additional 4,052 shares in the last quarter. Norden Group LLC raised its holdings in Petco Health and Wellness by 31.7% in the 2nd quarter. Norden Group LLC now owns 17,860 shares of the company’s stock worth $68,000 after purchasing an additional 4,301 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Petco Health and Wellness by 21.6% in the 2nd quarter. HB Wealth Management LLC now owns 25,949 shares of the company’s stock worth $98,000 after purchasing an additional 4,615 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Petco Health and Wellness by 12.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,290 shares of the company’s stock valued at $104,000 after purchasing an additional 4,836 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of Petco Health and Wellness by 253.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after buying an additional 8,056 shares during the period.

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.