Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Average Rating of “Hold” by Brokerages

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

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

Institutional Investors Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. grew its holdings in Petco Health and Wellness by 362.3% during the 3rd quarter. Franklin Resources Inc. now owns 64,850 shares of the company’s stock valued at $305,000 after buying an additional 50,821 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Petco Health and Wellness during the 3rd quarter valued at about $66,000. Geode Capital Management LLC grew its position in shares of Petco Health and Wellness by 9.2% during the third quarter. Geode Capital Management LLC now owns 2,212,292 shares of the company’s stock valued at $10,068,000 after purchasing an additional 186,230 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Petco Health and Wellness in the third quarter worth about $602,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Petco Health and Wellness in the third quarter worth about $58,000.

Petco Health and Wellness Stock Down 0.7 %

Shares of NASDAQ:WOOF opened at $4.27 on Monday. The company has a market cap of $1.33 billion, a PE ratio of -0.86 and a beta of 1.92. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $5.94. The stock’s 50-day moving average is $4.55 and its 200 day moving average is $3.76. 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 posted its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) EPS. Sell-side analysts anticipate that Petco Health and Wellness will post -0.23 EPS for the current year.

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.