Wedbush Increases Petco Health and Wellness (NASDAQ:WOOF) Price Target to $5.50

Petco Health and Wellness (NASDAQ:WOOF) had its price target upped by Wedbush from $5.00 to $5.50 in a research note published on Friday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the company. The Goldman Sachs Group decreased their price target on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Royal Bank of Canada upped their target price on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Citigroup raised their price target on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, Wells Fargo & Company boosted their price objective 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. One equities 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. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $3.49.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF opened at $4.93 on Friday. The firm’s fifty day simple moving average is $3.95 and its 200 day simple moving average is $3.21. The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39. Petco Health and Wellness has a twelve month low of $1.41 and a twelve month high of $5.94. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -0.99 and a beta of 1.92.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate 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 company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company posted ($0.01) earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. As a group, equities research analysts expect that Petco Health and Wellness will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Petco Health and Wellness

A number of institutional investors have recently modified their holdings of WOOF. Headlands Technologies LLC acquired a new position in Petco Health and Wellness in the first quarter worth about $30,000. Norden Group LLC acquired a new stake in Petco Health and Wellness during the first quarter valued at approximately $31,000. Caprock Group LLC bought a new position in Petco Health and Wellness during the 2nd quarter worth approximately $44,000. Choreo LLC acquired a new position in shares of Petco Health and Wellness in the 2nd quarter worth approximately $45,000. Finally, Delap Wealth Advisory LLC acquired a new position in shares of Petco Health and Wellness in the 1st quarter worth approximately $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.