Petco Health and Wellness (NASDAQ:WOOF) Stock Price Up 5.9% – Here’s What Happened

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) rose 5.9% during trading on Tuesday . The stock traded as high as $5.21 and last traded at $5.20. Approximately 3,433,709 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 4,457,271 shares. The stock had previously closed at $4.91.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WOOF shares. The Goldman Sachs Group decreased their price target on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Citigroup increased their price target on shares of 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. Wedbush upped their price objective 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. Royal Bank of Canada boosted their price target on Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company increased their price objective on 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Petco Health and Wellness has a consensus rating of “Hold” and an average target price of $3.49.

Petco Health and Wellness Trading Up 7.1 %

The firm’s 50 day moving average is $4.55 and its 200 day moving average is $3.77. The company has a quick ratio of 0.24, a current ratio of 0.84 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) 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 business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the business posted ($0.01) earnings per share. Petco Health and Wellness’s quarterly revenue was down .5% compared to the same quarter last year. On average, analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of Petco Health and Wellness

A number of institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its stake in shares of Petco Health and Wellness by 0.4% in the 2nd quarter. SG Americas Securities LLC now owns 1,070,559 shares of the company’s stock worth $4,047,000 after buying an additional 4,052 shares during the last quarter. Norden Group LLC raised its stake in Petco Health and Wellness by 31.7% during the 2nd quarter. Norden Group LLC now owns 17,860 shares of the company’s stock valued at $68,000 after purchasing an additional 4,301 shares during the period. HB Wealth Management LLC grew its stake in Petco Health and Wellness by 21.6% during the second quarter. HB Wealth Management LLC now owns 25,949 shares of the company’s stock valued at $98,000 after acquiring an additional 4,615 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Petco Health and Wellness by 12.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,290 shares of the company’s stock valued at $104,000 after purchasing an additional 4,836 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Petco Health and Wellness by 253.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock worth $51,000 after acquiring an additional 8,056 shares in 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.