Petco Health and Wellness (NASDAQ:WOOF) Shares Gap Up to $4.61

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) gapped up prior to trading on Friday . The stock had previously closed at $4.61, but opened at $4.75. Petco Health and Wellness shares last traded at $4.78, with a volume of 148,193 shares traded.

Analysts Set New Price Targets

Several analysts have recently weighed in on WOOF shares. Citigroup lifted their target price on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. The Goldman Sachs Group dropped their target price on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Wells Fargo & Company raised their price target on Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Royal Bank of Canada lifted their price target on 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. Finally, Wedbush reissued an “outperform” rating and issued a $5.00 target price on shares of Petco Health and Wellness in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Petco Health and Wellness presently has an average rating of “Hold” and a consensus target price of $3.45.

Petco Health and Wellness Stock Performance

The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39. The stock’s 50 day moving average is $3.34 and its 200 day moving average is $2.88. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -0.99 and a beta of 1.88.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings results 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 21.46% and a negative return on equity of 6.51%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business earned ($0.01) earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Petco Health and Wellness Company, Inc. will post -0.24 earnings per share for the current year.

Hedge Funds Weigh In On Petco Health and Wellness

Several hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC increased its position in Petco Health and Wellness by 0.4% during the 2nd quarter. SG Americas Securities LLC now owns 1,070,559 shares of the company’s stock worth $4,047,000 after purchasing an additional 4,052 shares in the last quarter. Norden Group LLC grew its holdings in shares of Petco Health and Wellness by 31.7% during 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 raised its position in shares of Petco Health and Wellness by 21.6% in the second 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 during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Petco Health and Wellness by 12.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,290 shares of the company’s stock valued at $104,000 after buying an additional 4,836 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in shares of Petco Health and Wellness during the second quarter valued at approximately $44,000.

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.