Petco Health and Wellness (NASDAQ:WOOF) Stock Price Up 8.8% – Still a Buy?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) rose 8.8% on Wednesday . The company traded as high as $4.36 and last traded at $4.33. Approximately 1,222,333 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 4,454,867 shares. The stock had previously closed at $3.98.

Analyst Ratings Changes

WOOF has been the topic of a number of analyst reports. Citigroup increased their price target 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. The Goldman Sachs Group decreased their price target on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Wedbush raised their target price on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the company an “outperform” rating in a report on Friday, October 18th. Wells Fargo & Company upped their price target 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, Royal Bank of Canada increased their price target on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Petco Health and Wellness presently has a consensus rating of “Hold” and a consensus target price of $3.49.

Petco Health and Wellness Stock Performance

The company has a market cap of $1.34 billion, a price-to-earnings ratio of -0.87 and a beta of 1.92. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. The company has a fifty day moving average of $4.59 and a two-hundred day moving average of $3.70.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WOOF. Vanguard Group Inc. increased its stake in shares of Petco Health and Wellness by 15.8% in the first quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock valued at $20,994,000 after buying an additional 1,254,554 shares during the period. Holocene Advisors LP raised its holdings in Petco Health and Wellness by 8.7% during the 3rd quarter. Holocene Advisors LP now owns 7,557,293 shares of the company’s stock worth $34,386,000 after purchasing an additional 602,602 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Petco Health and Wellness by 82.1% in the 2nd quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock worth $22,661,000 after purchasing an additional 2,953,667 shares during the period. Marshall Wace LLP boosted its stake in shares of Petco Health and Wellness by 47.3% in the 2nd quarter. Marshall Wace LLP now owns 3,401,248 shares of the company’s stock valued at $12,857,000 after purchasing an additional 1,092,204 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Petco Health and Wellness by 233.7% during the second quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock worth $10,127,000 after buying an additional 1,876,233 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.