Petco Health and Wellness (NASDAQ:WOOF) Shares Gap Up – Here’s What Happened

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) shares gapped up before the market opened on Tuesday . The stock had previously closed at $4.70, but opened at $4.89. Petco Health and Wellness shares last traded at $4.89, with a volume of 39,053 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on WOOF shares. The Goldman Sachs Group dropped their target price 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. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Monday. Citigroup increased their target price on shares of 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 $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Morgan Stanley raised their target price on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.16.

Petco Health and Wellness Stock Up 1.3 %

The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The stock’s 50 day simple moving average is $4.61 and its two-hundred day simple moving average is $3.86. The firm has a market cap of $1.49 billion, a P/E ratio of -11.53 and a beta of 1.89.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). Petco Health and Wellness had a negative return on equity of 5.40% and a negative net margin of 1.77%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. As a group, research analysts forecast that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On Petco Health and Wellness

Several large investors have recently modified their holdings of WOOF. Caprock Group LLC bought a new position in shares of Petco Health and Wellness in the second quarter worth approximately $44,000. Choreo LLC purchased a new position in Petco Health and Wellness in the 2nd quarter worth approximately $45,000. Frank Rimerman Advisors LLC bought a new position in Petco Health and Wellness in the 2nd quarter valued at approximately $50,000. Point72 Asia Singapore Pte. Ltd. lifted its position in Petco Health and Wellness by 253.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after acquiring an additional 8,056 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Petco Health and Wellness during the 2nd quarter valued at $52,000.

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.