Analysts Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) PT at $4.04

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $4.0367.

A number of research firms recently weighed in on WOOF. Jefferies Financial Group upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating and boosted their target price for the stock from $4.05 to $5.00 in a research report on Thursday, March 12th. UBS Group boosted their target price on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Monday, March 16th. Wall Street Zen upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup boosted their target price on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Monday, March 16th. Finally, The Goldman Sachs Group downgraded Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 target price for the company. in a research report on Monday, April 13th.

Institutional Trading of Petco Health and Wellness

Several hedge funds and other institutional investors have recently bought and sold shares of WOOF. Quantbot Technologies LP purchased a new position in shares of Petco Health and Wellness during the third quarter valued at approximately $34,000. National Bank of Canada FI purchased a new position in shares of Petco Health and Wellness during the third quarter valued at approximately $35,000. Quarry LP purchased a new position in shares of Petco Health and Wellness during the third quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Petco Health and Wellness by 425.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock valued at $30,000 after buying an additional 8,519 shares during the period. Finally, Abel Hall LLC purchased a new position in shares of Petco Health and Wellness during the fourth quarter valued at approximately $31,000.

Petco Health and Wellness Trading Up 2.2%

Shares of WOOF opened at $2.81 on Monday. The business has a 50-day moving average of $2.81 and a 200 day moving average of $2.92. Petco Health and Wellness has a fifty-two week low of $2.24 and a fifty-two week high of $4.51. The firm has a market cap of $905.24 million, a P/E ratio of 93.67, a price-to-earnings-growth ratio of 3.56 and a beta of 1.53. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.38 and a current ratio of 0.90.

Petco Health and Wellness (NASDAQ:WOOF) last posted its earnings results on Wednesday, March 11th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Petco Health and Wellness had a net margin of 0.15% and a return on equity of 0.89%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.05) EPS. As a group, research analysts forecast that Petco Health and Wellness will post 0.07 EPS for the current year.

Petco Health and Wellness Company Profile

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.