Petco Health and Wellness (NASDAQ:WOOF) Price Target Raised to $5.50 at Wedbush

Petco Health and Wellness (NASDAQ:WOOF) had its price objective increased by Wedbush from $5.00 to $5.50 in a research report report published on Friday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also issued reports on WOOF. Royal Bank of Canada increased their target price on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Citigroup raised their price objective on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research report 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 research note on Wednesday, September 11th. Finally, The Goldman Sachs Group lowered their target price 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.49.

Petco Health and Wellness Trading Down 6.1 %

WOOF opened at $4.63 on Friday. The stock has a market capitalization of $1.45 billion, a PE ratio of -0.93 and a beta of 1.92. The firm’s fifty day moving average price is $4.00 and its 200 day moving average price is $3.23. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $5.94.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) earnings per share. As a group, research analysts expect that Petco Health and Wellness will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WOOF. AQR Capital Management LLC increased its stake in Petco Health and Wellness by 82.1% during the 2nd quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock valued at $22,661,000 after purchasing an additional 2,953,667 shares in the last quarter. Millennium Management LLC increased its position in shares of Petco Health and Wellness by 233.7% in the second quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock worth $10,127,000 after purchasing an additional 1,876,233 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Petco Health and Wellness during the first quarter valued at approximately $4,091,000. Point72 Asset Management L.P. grew its position in Petco Health and Wellness by 1,212.7% during the second quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock valued at $6,863,000 after acquiring an additional 1,677,179 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Petco Health and Wellness by 15.8% during the first quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock valued at $20,994,000 after purchasing an additional 1,254,554 shares during the period.

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.