Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $3.95 Consensus Price Target from Analysts

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has earned an average rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $3.9533.

Several research firms recently issued reports on WOOF. Wells Fargo & Company lifted their price objective on Petco Health and Wellness from $3.50 to $4.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Guggenheim reaffirmed a “neutral” rating on shares of Petco Health and Wellness in a research note on Tuesday, September 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Petco Health and Wellness in a research note on Tuesday, October 14th. Zacks Research raised Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Finally, Robert W. Baird lifted their price target on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Petco Health and Wellness by 40.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company’s stock worth $60,000 after purchasing an additional 4,526 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Petco Health and Wellness during the second quarter worth about $665,000. Voleon Capital Management LP lifted its stake in Petco Health and Wellness by 347.6% during the first quarter. Voleon Capital Management LP now owns 1,078,322 shares of the company’s stock worth $3,289,000 after purchasing an additional 837,407 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Petco Health and Wellness by 15.8% in 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 during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Petco Health and Wellness in the 1st quarter valued at about $42,000.

Petco Health and Wellness Price Performance

NASDAQ:WOOF opened at $3.53 on Thursday. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -35.30 and a beta of 1.73. Petco Health and Wellness has a 52-week low of $2.28 and a 52-week high of $6.29. The stock has a fifty day moving average of $3.54 and a 200 day moving average of $3.27. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.31 and a current ratio of 0.89.

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

About Petco Health and Wellness

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.