Petco Health and Wellness (NASDAQ:WOOF) Trading 5.1% Higher

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) rose 5.1% on Wednesday . The company traded as high as $4.73 and last traded at $4.70. Approximately 289,009 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 4,731,094 shares. The stock had previously closed at $4.47.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WOOF shares. Wells Fargo & Company lifted their target price on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Royal Bank of Canada boosted their price target on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Wedbush reiterated an “outperform” rating and issued a $5.00 price objective on shares of Petco Health and Wellness in a report on Wednesday, September 11th. Citigroup raised their target price 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 dropped their price target 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.45.

Petco Health and Wellness Stock Up 7.4 %

The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -0.93 and a beta of 1.88. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24. The business has a fifty day moving average of $3.41 and a 200 day moving average of $2.94.

Petco Health and Wellness (NASDAQ:WOOF) last posted its earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates 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 company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the company posted ($0.01) earnings per share. Petco Health and Wellness’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts predict that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current year.

Institutional Trading of Petco Health and Wellness

Institutional investors have recently added to or reduced their stakes in the stock. Caprock Group LLC purchased a new position in shares of Petco Health and Wellness during the second quarter worth $44,000. Choreo LLC acquired a new position in Petco Health and Wellness in the 2nd quarter valued at about $45,000. Headlands Technologies LLC purchased a new stake in Petco Health and Wellness during the first quarter worth about $30,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Petco Health and Wellness during the second quarter worth about $50,000. Finally, Norden Group LLC purchased a new position in shares of Petco Health and Wellness in the first quarter valued at approximately $31,000.

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.