Royal Bank of Canada Raises Petco Health and Wellness (NASDAQ:WOOF) Price Target to $6.00

Petco Health and Wellness (NASDAQ:WOOF) had its price target raised by Royal Bank of Canada from $5.00 to $6.00 in a research note released on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued research reports about the company. Wedbush upped their price objective on Petco Health and Wellness from $5.00 to $5.50 and gave the company an “outperform” rating in a research note on Friday, October 18th. Wells Fargo & Company upped their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Friday. Citigroup boosted their price objective on shares of 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. Finally, The Goldman Sachs Group lowered their target price 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock 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 firm’s fifty day moving average price is $4.61 and its two-hundred day moving average price is $3.85. The stock has a market cap of $1.65 billion, a PE ratio of -13.23 and a beta of 1.89. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. Petco Health and Wellness has a fifty-two week low of $1.41 and a fifty-two week high of $6.29.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $1.52 billion for the quarter, compared to analyst estimates 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%. Petco Health and Wellness’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) EPS. On average, equities analysts expect that Petco Health and Wellness will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Caprock Group LLC acquired a new stake in Petco Health and Wellness in the second quarter worth $44,000. Choreo LLC acquired a new stake in shares of Petco Health and Wellness in the 2nd quarter valued at about $45,000. Frank Rimerman Advisors LLC bought a new stake in Petco Health and Wellness in the 2nd quarter valued at about $50,000. Point72 Asia Singapore Pte. Ltd. raised its stake in Petco Health and Wellness by 253.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock worth $51,000 after buying an additional 8,056 shares during the period. Finally, nVerses Capital LLC acquired a new position in Petco Health and Wellness during the 2nd quarter worth approximately $52,000.

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.