Petco Health and Wellness (NASDAQ:WOOF) Price Target Raised to $4.00

Petco Health and Wellness (NASDAQ:WOOF) had its price target lifted by Citigroup from $3.50 to $4.00 in a report published on Monday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

WOOF has been the topic of several other reports. Evercore decreased their price target on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a research note on Tuesday, February 3rd. Jefferies Financial Group raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and upped their price objective for the company from $4.05 to $5.00 in a research note on Thursday, March 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Petco Health and Wellness has an average rating of “Hold” and a consensus target price of $4.10.

Petco Health and Wellness Stock Down 4.4%

WOOF opened at $3.23 on Monday. Petco Health and Wellness has a fifty-two week low of $2.24 and a fifty-two week high of $4.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.38 and a current ratio of 0.90. The company has a fifty day moving average of $2.74 and a two-hundred day moving average of $3.10. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 107.67 and a beta of 1.75.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Petco Health and Wellness had a net margin of 0.15% and a return on equity of 0.89%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the firm earned ($0.05) earnings per share. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, research analysts expect that Petco Health and Wellness will post -0.22 earnings per share for the current year.

Institutional Investors Weigh In On Petco Health and Wellness

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Petco Health and Wellness by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,455,494 shares of the company’s stock valued at $26,571,000 after acquiring an additional 143,688 shares in the last quarter. Vanguard Group Inc. increased its holdings in Petco Health and Wellness by 8.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,416,496 shares of the company’s stock worth $32,572,000 after purchasing an additional 621,026 shares during the period. Holocene Advisors LP increased its holdings in Petco Health and Wellness by 42.0% during the 3rd quarter. Holocene Advisors LP now owns 6,091,656 shares of the company’s stock worth $23,575,000 after purchasing an additional 1,800,583 shares during the period. Nuveen LLC raised its position in Petco Health and Wellness by 81.9% in the 4th quarter. Nuveen LLC now owns 3,998,724 shares of the company’s stock valued at $11,236,000 after purchasing an additional 1,800,860 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Petco Health and Wellness by 60.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock valued at $11,095,000 after purchasing an additional 1,367,299 shares in the last quarter.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.