Petco Health and Wellness (NASDAQ:WOOF) PT Raised to $3.25 at UBS Group

Petco Health and Wellness (NASDAQ:WOOF) had its target price boosted by UBS Group from $2.50 to $3.25 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. Bank of America restated an underperform rating and issued a $1.50 price target (down previously from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. Robert W. Baird decreased their price target on Petco Health and Wellness from $3.00 to $2.50 and set a neutral rating for the company in a report on Thursday, March 14th. Needham & Company LLC restated a buy rating and issued a $5.00 price target on shares of Petco Health and Wellness in a report on Thursday. Evercore ISI decreased their price target on Petco Health and Wellness from $4.00 to $3.00 and set an in-line rating for the company in a report on Friday, March 15th. Finally, Wells Fargo & Company decreased their price target on Petco Health and Wellness from $3.00 to $2.00 and set an equal weight rating for the company in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Petco Health and Wellness currently has a consensus rating of Hold and a consensus price target of $3.09.

Petco Health and Wellness Stock Up 12.9 %

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

Petco Health and Wellness (NASDAQ:WOOF) last posted its 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. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. Sell-side analysts expect that Petco Health and Wellness will post -0.23 earnings per share for the current year.

Institutional Trading of Petco Health and Wellness

A number of hedge funds have recently made changes to their positions in WOOF. Headlands Technologies LLC acquired a new stake in shares of Petco Health and Wellness during the first quarter worth approximately $30,000. Norden Group LLC acquired a new position in Petco Health and Wellness in the first quarter worth $31,000. Everhart Financial Group Inc. acquired a new position in Petco Health and Wellness in the fourth quarter worth $41,000. FNY Investment Advisers LLC acquired a new position in Petco Health and Wellness in the fourth quarter worth $44,000. Finally, HB Wealth Management LLC acquired a new position in Petco Health and Wellness in the first quarter worth $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.