Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $3.45 Consensus Price Target from Brokerages

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has received a consensus rating of “Hold” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $3.45.

Several analysts have commented on WOOF shares. Wells Fargo & Company upped their price objective 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, September 11th. Citigroup lifted their price objective on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. The Goldman Sachs Group cut 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 report on Thursday, September 12th. Wedbush reaffirmed an “outperform” rating and issued a $5.00 target price on shares of Petco Health and Wellness in a report on Wednesday, September 11th. Finally, Royal Bank of Canada increased 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 report on Wednesday, September 11th.

Hedge Funds Weigh In On Petco Health and Wellness

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

Petco Health and Wellness Stock Performance

Shares of WOOF opened at $5.14 on Friday. The company’s 50 day simple moving average is $3.73 and its 200-day simple moving average is $3.12. The firm has a market cap of $1.60 billion, a PE ratio of -1.03 and a beta of 1.92. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $5.94. The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting 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 company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm posted ($0.01) EPS. Petco Health and Wellness’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts predict 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.