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

Petco Health and Wellness (NASDAQ:WOOF)‘s stock had its “outperform” rating reiterated by analysts at Wedbush in a report released on Wednesday, Benzinga reports. They currently have a $5.00 target price on the stock. Wedbush’s price target suggests a potential upside of 10.13% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. UBS Group upped their price target on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a research report on Thursday, May 23rd. Citigroup upped their price target on shares of Petco Health and Wellness from $3.00 to $4.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Needham & Company LLC reissued a “buy” rating and set a $5.00 target price on shares of Petco Health and Wellness in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada increased their target price on shares of Petco Health and Wellness from $2.70 to $3.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $3.45.

Petco Health and Wellness Price Performance

Petco Health and Wellness stock opened at $4.54 on Wednesday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -0.92 and a beta of 1.88. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.21. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $4.99. The firm has a 50-day moving average of $3.11 and a two-hundred day moving average of $2.74.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the company earned ($0.01) EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, research analysts forecast that Petco Health and Wellness will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WOOF. Jump Financial LLC increased its stake in Petco Health and Wellness by 325.2% during the 4th quarter. Jump Financial LLC now owns 119,193 shares of the company’s stock valued at $377,000 after purchasing an additional 91,164 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of Petco Health and Wellness by 32.7% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 107,086 shares of the company’s stock worth $338,000 after acquiring an additional 26,411 shares during the period. Aigen Investment Management LP increased its stake in shares of Petco Health and Wellness by 94.8% in the fourth quarter. Aigen Investment Management LP now owns 65,195 shares of the company’s stock worth $206,000 after acquiring an additional 31,733 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Petco Health and Wellness in the fourth quarter worth $305,000. Finally, Hsbc Holdings PLC increased its stake in shares of Petco Health and Wellness by 51.9% in the fourth quarter. Hsbc Holdings PLC now owns 481,172 shares of the company’s stock worth $1,539,000 after acquiring an additional 164,406 shares during the period.

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.