The Goldman Sachs Group Trims Petco Health and Wellness (NASDAQ:WOOF) Target Price to $4.00

Petco Health and Wellness (NASDAQ:WOOF) had its price target lowered by The Goldman Sachs Group from $5.00 to $4.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts have also commented on the company. UBS Group lifted 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. Wells Fargo & Company lifted their price objective on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the stock an equal weight rating in a report on Wednesday. Royal Bank of Canada increased their target price 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. Wedbush restated an outperform rating and issued a $5.00 price target on shares of Petco Health and Wellness in a research report on Wednesday. Finally, Needham & Company LLC reaffirmed 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Petco Health and Wellness currently has a consensus rating of Hold and a consensus price target of $3.45.

Petco Health and Wellness Stock Up 0.9 %

Shares of NASDAQ:WOOF opened at $4.58 on Thursday. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $4.99. The company has a current ratio of 0.84, a quick ratio of 0.21 and a debt-to-equity ratio of 1.39. The firm has a market cap of $1.42 billion, a PE ratio of -0.93 and a beta of 1.88. The company has a fifty day simple moving average of $3.13 and a 200 day simple moving average of $2.76.

Petco Health and Wellness (NASDAQ:WOOF) last released 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). 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 during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm earned ($0.01) EPS. The company’s revenue was down .5% on a year-over-year basis. On average, equities research analysts anticipate that Petco Health and Wellness will post -0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in Petco Health and Wellness in the 1st quarter valued at approximately $30,000. Norden Group LLC acquired a new position in shares of Petco Health and Wellness during the first quarter valued at $31,000. Caprock Group LLC acquired a new position in shares of Petco Health and Wellness during the second quarter valued at $44,000. Choreo LLC bought a new stake in shares of Petco Health and Wellness during the second quarter valued at about $45,000. Finally, HB Wealth Management LLC acquired a new stake in Petco Health and Wellness in the first quarter worth about $49,000.

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.