Petco Health and Wellness (NASDAQ:WOOF) Given New $4.00 Price Target at Wedbush

Petco Health and Wellness (NASDAQ:WOOF) had its price target upped by Wedbush from $3.00 to $4.00 in a research note released on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts also recently issued reports about the stock. Evercore ISI decreased their price target on shares of Petco Health and Wellness from $4.00 to $3.00 and set an in-line rating for the company in a research note on Friday, March 15th. Citigroup decreased their target price on shares of Petco Health and Wellness from $2.85 to $1.75 and set a neutral rating for the company in a research note on Tuesday, May 7th. Royal Bank of Canada decreased their target price on shares of Petco Health and Wellness from $3.50 to $2.70 and set an outperform rating for the company in a research note on Friday, March 15th. Needham & Company LLC reaffirmed a buy rating and set a $5.00 target price on shares of Petco Health and Wellness in a research note on Thursday. Finally, UBS Group raised their target price on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the company a neutral rating in a research note on Thursday. One 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, Petco Health and Wellness currently has a consensus rating of Hold and an average price target of $3.09.

Petco Health and Wellness Price Performance

WOOF stock opened at $3.58 on Thursday. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $9.74. The company has a market cap of $1.10 billion, a P/E ratio of -0.73 and a beta of 1.27. The firm has a 50-day moving average of $1.95 and a 200 day moving average of $2.61. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.24.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the firm earned $0.17 earnings per share. Petco Health and Wellness’s revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts forecast that Petco Health and Wellness will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Petco Health and Wellness

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Petco Health and Wellness by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 382,413 shares of the company’s stock worth $1,564,000 after purchasing an additional 5,695 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Petco Health and Wellness by 117.9% in the third quarter. Orion Portfolio Solutions LLC now owns 22,318 shares of the company’s stock worth $91,000 after purchasing an additional 12,076 shares during the last quarter. Versor Investments LP boosted its holdings in Petco Health and Wellness by 108.9% in the third quarter. Versor Investments LP now owns 98,759 shares of the company’s stock worth $404,000 after purchasing an additional 51,474 shares during the last quarter. Barclays PLC boosted its holdings in Petco Health and Wellness by 112.7% in the third quarter. Barclays PLC now owns 145,570 shares of the company’s stock worth $594,000 after purchasing an additional 77,118 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Petco Health and Wellness by 2,727.7% in the third quarter. Quantbot Technologies LP now owns 287,884 shares of the company’s stock worth $1,177,000 after purchasing an additional 277,703 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.