Petco Health and Wellness (NASDAQ:WOOF) Shares Gap Up to $4.61

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) gapped up before the market opened on Friday . The stock had previously closed at $4.61, but opened at $4.75. Petco Health and Wellness shares last traded at $4.78, with a volume of 148,193 shares traded.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $5.00 target price on shares of Petco Health and Wellness in a research note on Wednesday, September 11th. Royal Bank of Canada boosted their price objective 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. The Goldman Sachs Group reduced 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 note on Thursday, September 12th. Wells Fargo & Company raised 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, September 11th. Finally, Citigroup increased their target price on 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $3.45.

Petco Health and Wellness Stock Up 1.5 %

The company has a market capitalization of $1.46 billion, a P/E ratio of -0.95 and a beta of 1.88. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24. The company has a 50 day moving average of $3.36 and a 200-day moving average of $2.90.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.53 billion. Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) earnings per share. As a group, equities analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current year.

Institutional Trading of Petco Health and Wellness

Several large investors have recently bought and sold shares of WOOF. Advisory Services Network LLC purchased a new position in Petco Health and Wellness during the fourth quarter valued at $305,000. Hsbc Holdings PLC grew its stake in shares of Petco Health and Wellness by 51.9% in the 4th quarter. Hsbc Holdings PLC now owns 481,172 shares of the company’s stock worth $1,539,000 after buying an additional 164,406 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in Petco Health and Wellness during the 4th quarter valued at approximately $364,000. CastleKnight Management LP purchased a new position in Petco Health and Wellness during the fourth quarter valued at $1,367,000. Finally, Virtu Financial LLC boosted its holdings in Petco Health and Wellness by 120.7% in the fourth quarter. Virtu Financial LLC now owns 108,079 shares of the company’s stock worth $342,000 after acquiring an additional 59,118 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.