Petco Health and Wellness (NASDAQ:WOOF) Raised to Buy at Wall Street Zen

Petco Health and Wellness (NASDAQ:WOOF) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other research analysts also recently issued reports on WOOF. Zacks Research upgraded Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Royal Bank Of Canada restated an “outperform” rating and set a $4.00 price objective on shares of Petco Health and Wellness in a research report on Wednesday, September 3rd. Guggenheim restated a “neutral” rating on shares of Petco Health and Wellness in a research report on Tuesday, September 2nd. Wells Fargo & Company lifted their price objective on Petco Health and Wellness from $3.50 to $4.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Petco Health and Wellness in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.95.

Petco Health and Wellness Price Performance

WOOF stock opened at $3.83 on Friday. The firm has a 50 day moving average of $3.44 and a 200-day moving average of $3.22. Petco Health and Wellness has a 12-month low of $2.28 and a 12-month high of $6.29. The company has a current ratio of 0.89, a quick ratio of 0.31 and a debt-to-equity ratio of 1.39. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -38.30 and a beta of 1.73.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Petco Health and Wellness had a negative net margin of 0.47% and a negative return on equity of 1.71%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm earned ($0.02) EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities analysts expect that Petco Health and Wellness will post -0.22 EPS for the current fiscal year.

Institutional Trading of Petco Health and Wellness

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Petco Health and Wellness by 40.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company’s stock valued at $60,000 after acquiring an additional 4,526 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Petco Health and Wellness during the 2nd quarter valued at $665,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Petco Health and Wellness by 3.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 335,615 shares of the company’s stock valued at $1,279,000 after acquiring an additional 11,202 shares in the last quarter. Voleon Capital Management LP lifted its holdings in shares of Petco Health and Wellness by 347.6% during the 1st quarter. Voleon Capital Management LP now owns 1,078,322 shares of the company’s stock valued at $3,289,000 after acquiring an additional 837,407 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Petco Health and Wellness by 15.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,236,396 shares of the company’s stock valued at $3,771,000 after acquiring an additional 168,465 shares in 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.