Petco Health and Wellness (NASDAQ:WOOF) Price Target Raised to $5.00

Petco Health and Wellness (NASDAQ:WOOF) had its price target increased by Wells Fargo & Company from $3.00 to $5.00 in a report released on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

WOOF has been the subject of several other research reports. Citigroup raised their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Royal Bank of Canada raised their price objective on 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 lifted their target price 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. Finally, The Goldman Sachs Group reduced their price target on shares of 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, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Petco Health and Wellness currently has a consensus rating of “Hold” and a consensus price target of $4.16.

Petco Health and Wellness Trading Up 8.0 %

Shares of NASDAQ:WOOF opened at $5.29 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -13.23 and a beta of 1.89. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $6.29. The company has a 50 day moving average price of $4.61 and a 200 day moving average price of $3.85.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). Petco Health and Wellness had a negative return on equity of 5.36% and a negative net margin of 1.77%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the firm posted ($0.01) EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, research analysts anticipate that Petco Health and Wellness will post -0.23 EPS for the current fiscal year.

Institutional Trading of Petco Health and Wellness

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in shares of Petco Health and Wellness by 82.1% in the second quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock worth $22,661,000 after buying an additional 2,953,667 shares during the last quarter. Millennium Management LLC lifted its position in Petco Health and Wellness by 233.7% during the 2nd quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock worth $10,127,000 after acquiring an additional 1,876,233 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Petco Health and Wellness by 1,212.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock worth $6,863,000 after acquiring an additional 1,677,179 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Petco Health and Wellness by 15.8% during the first quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock valued at $20,994,000 after acquiring an additional 1,254,554 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Petco Health and Wellness by 47.3% in the second quarter. Marshall Wace LLP now owns 3,401,248 shares of the company’s stock valued at $12,857,000 after purchasing an additional 1,092,204 shares during the last quarter.

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.