Wells Fargo & Company Increases Petco Health and Wellness (NASDAQ:WOOF) Price Target to $3.00

Petco Health and Wellness (NASDAQ:WOOF) had its price objective upped by equities research analysts at Wells Fargo & Company from $2.75 to $3.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential downside of 33.92% from the stock’s previous close.

WOOF has been the subject of a number of other reports. UBS Group lifted their price target on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a research note on Thursday, May 23rd. Needham & Company LLC restated a “buy” rating and set a $5.00 target price on shares of Petco Health and Wellness in a research report on Thursday, May 23rd. Royal Bank of Canada increased their price target on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a report on Wednesday. Citigroup boosted their price objective on Petco Health and Wellness from $3.00 to $4.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Wedbush reiterated an “outperform” rating and set a $5.00 target price on shares of Petco Health and Wellness in a research report on Wednesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $3.45.

Petco Health and Wellness Trading Up 11.3 %

Shares of WOOF stock opened at $4.54 on Wednesday. The company has a market cap of $1.41 billion, a PE ratio of -0.92 and a beta of 1.88. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $4.99. The stock’s 50 day simple moving average is $3.11 and its two-hundred day simple moving average is $2.74. 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 (NASDAQ:WOOF) last released its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $1.52 billion for the quarter, compared to analyst estimates 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%. Petco Health and Wellness’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) EPS. Research analysts predict that Petco Health and Wellness will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.