Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Average Rating of “Buy” by Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have received an average recommendation of “Buy” from the eleven analysts that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $29.25.

Several research analysts have commented on the stock. Zacks Investment Research cut shares of Petco Health and Wellness from a “buy” rating to a “hold” rating in a report on Thursday, May 6th. Evercore ISI assumed coverage on shares of Petco Health and Wellness in a report on Monday, February 8th. They issued an “outperform” rating and a $32.00 target price for the company. Bank of America upgraded shares of Petco Health and Wellness from a “neutral” rating to a “buy” rating in a report on Thursday, March 25th. Credit Suisse Group assumed coverage on shares of Petco Health and Wellness in a report on Monday, February 8th. They issued a “neutral” rating and a $28.00 target price for the company. Finally, Citigroup initiated coverage on shares of Petco Health and Wellness in a report on Monday, February 8th. They issued a “buy” rating and a $31.00 target price for the company.

NASDAQ WOOF traded down $0.89 on Wednesday, hitting $23.52. 40,942 shares of the stock were exchanged, compared to its average volume of 2,414,732. Petco Health and Wellness has a fifty-two week low of $17.86 and a fifty-two week high of $31.08. The company has a 50-day moving average price of $22.83 and a 200-day moving average price of $53.38.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings results on Wednesday, March 17th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.11 by $0.06. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. The company’s revenue was up 16.4% on a year-over-year basis.

Institutional investors have recently made changes to their positions in the business. IFP Advisors Inc purchased a new position in Petco Health and Wellness during the 1st quarter worth $26,000. Global Retirement Partners LLC purchased a new position in Petco Health and Wellness during the 1st quarter worth $27,000. NEXT Financial Group Inc purchased a new position in Petco Health and Wellness during the 1st quarter worth $68,000. Jacobi Capital Management LLC purchased a new position in Petco Health and Wellness during the 1st quarter worth $78,000. Finally, The PNC Financial Services Group Inc. purchased a new position in Petco Health and Wellness during the 1st quarter worth $194,000. Institutional investors own 76.52% of the company’s stock.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc operates as a retailer of premium pet consumables, supplies, and companion animals and services. The company also offers grooming, in-store and online training, tele-veterinarian, and pet health insurance services, as well as veterinary services through Vetco clinics.

See Also: Accumulation/Distribution

Analyst Recommendations for Petco Health and Wellness (NASDAQ:WOOF)

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