Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $3.49 Average Price Target from Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have received a consensus rating of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $3.49.

Several equities analysts have commented on the company. The Goldman Sachs Group lowered their price objective on 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. Wedbush lifted their price target on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the company an “outperform” rating in a research report on Friday, October 18th. Royal Bank of Canada raised their target price on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Wells Fargo & Company boosted their price target on Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Finally, Citigroup raised their price objective on Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th.

Institutional Investors Weigh In On Petco Health and Wellness

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

Petco Health and Wellness Price Performance

Shares of NASDAQ WOOF opened at $4.30 on Monday. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $5.94. The stock has a market capitalization of $1.34 billion, a P/E ratio of -0.87 and a beta of 1.92. The company’s 50-day moving average is $4.58 and its 200 day moving average is $3.72. 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 (NASDAQ:WOOF) last announced its earnings results on Tuesday, September 10th. 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 return on equity of 6.51% and a negative net margin of 21.46%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the company earned ($0.01) EPS. The business’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts expect that Petco Health and Wellness will post -0.23 earnings per share for the current year.

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.