Petco Health and Wellness (NASDAQ:WOOF) Price Target Lowered to $3.00 at Evercore ISI

Petco Health and Wellness (NASDAQ:WOOF) had its target price reduced by investment analysts at Evercore ISI from $4.00 to $3.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price target indicates a potential upside of 11.73% from the stock’s current price.

Other research analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Monday, December 29th. Zacks Research downgraded Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Petco Health and Wellness currently has an average rating of “Hold” and a consensus target price of $3.86.

Petco Health and Wellness Stock Performance

Shares of NASDAQ:WOOF traded down $0.04 during mid-day trading on Tuesday, reaching $2.69. 161,777 shares of the company traded hands, compared to its average volume of 1,870,240. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.91 and a quick ratio of 0.35. The company’s 50 day moving average price is $2.98 and its 200-day moving average price is $3.26. The firm has a market cap of $856.62 million, a PE ratio of -268.23 and a beta of 1.72. Petco Health and Wellness has a 52 week low of $2.28 and a 52 week high of $4.51.

Petco Health and Wellness (NASDAQ:WOOF) last posted its earnings results on Tuesday, November 25th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Petco Health and Wellness had a positive return on equity of 0.46% and a negative net margin of 0.04%.The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) EPS. On average, equities analysts expect that Petco Health and Wellness will post -0.22 EPS for the current fiscal year.

Insider Activity

In related news, CRO Patrick J. Venezia sold 74,192 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $3.08, for a total transaction of $228,511.36. Following the transaction, the executive owned 474,848 shares of the company’s stock, valued at approximately $1,462,531.84. This represents a 13.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp raised its position in Petco Health and Wellness by 8.0% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 92,231 shares of the company’s stock valued at $259,000 after purchasing an additional 6,847 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in Petco Health and Wellness by 166.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 34,856 shares of the company’s stock valued at $98,000 after buying an additional 21,792 shares during the last quarter. SG Americas Securities LLC raised its stake in Petco Health and Wellness by 59.9% in the fourth quarter. SG Americas Securities LLC now owns 90,410 shares of the company’s stock valued at $254,000 after buying an additional 33,878 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Petco Health and Wellness by 280.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 832,412 shares of the company’s stock worth $3,221,000 after buying an additional 613,591 shares during the last quarter. Finally, Greenfield Seitz Capital Management LLC boosted its position in shares of Petco Health and Wellness by 64.4% during the 3rd quarter. Greenfield Seitz Capital Management LLC now owns 60,000 shares of the company’s stock worth $232,000 after acquiring an additional 23,500 shares in the last quarter.

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.