Petco Health and Wellness (NASDAQ:WOOF) Price Target Cut to $4.00 by Analysts at The Goldman Sachs Group

Petco Health and Wellness (NASDAQ:WOOF) had its price target dropped by equities research analysts at The Goldman Sachs Group from $5.00 to $4.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential downside of 18.70% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company raised their target price on Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $5.00 price objective on shares of Petco Health and Wellness in a research report on Thursday, May 23rd. Wedbush reiterated an “outperform” rating and set a $5.00 price target on shares of Petco Health and Wellness in a report on Wednesday. Royal Bank of Canada upped their target price on Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a report on Wednesday. Finally, UBS Group upped their target price on 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Petco Health and Wellness presently has a consensus rating of “Hold” and a consensus target price of $3.41.

Petco Health and Wellness Trading Up 20.6 %

WOOF stock traded up $0.84 during midday trading on Thursday, hitting $4.92. The stock had a trading volume of 10,901,030 shares, compared to its average volume of 4,767,601. The company’s 50-day moving average price is $3.08 and its 200 day moving average price is $2.73. 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 12-month low of $1.41 and a 12-month high of $4.99. The firm has a market cap of $1.53 billion, a PE ratio of -1.00 and a beta of 1.88.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.53 billion. Petco Health and Wellness had a negative return on equity of 4.22% and a negative net margin of 21.27%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) earnings per share. On average, equities research analysts predict that Petco Health and Wellness will post -0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Petco Health and Wellness

Several large investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in Petco Health and Wellness during the first quarter valued at about $30,000. Norden Group LLC purchased a new stake in Petco Health and Wellness during the first quarter valued at about $31,000. Caprock Group LLC purchased a new stake in Petco Health and Wellness during the second quarter valued at about $44,000. Choreo LLC purchased a new position in shares of Petco Health and Wellness in the second quarter worth $45,000. Finally, HB Wealth Management LLC bought a new position in shares of Petco Health and Wellness during the first quarter valued at about $49,000.

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.