Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Stock Has Consensus Target Price of $3.42 According to Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have been assigned an average rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, one has 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 issued a report on the stock in the last year is $3.42.

A number of brokerages recently issued reports on WOOF. Zacks Research raised Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. Weiss Ratings upgraded shares of Petco Health and Wellness from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 22nd. UBS Group dropped their price target on Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, September 3rd. BNP Paribas Exane reduced their price target on shares of Petco Health and Wellness from $2.34 to $2.11 and set an “underperform” rating for the company in a research report on Thursday, September 3rd. Finally, Robert W. Baird boosted their target price on shares of Petco Health and Wellness from $3.00 to $3.25 and gave the company a “neutral” rating in a research note on Thursday, September 3rd.

Petco Health and Wellness Price Performance

NASDAQ WOOF opened at $2.61 on Monday. Petco Health and Wellness has a one year low of $2.14 and a one year high of $3.78. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 0.90. The stock has a 50-day moving average of $2.44 and a 200 day moving average of $2.67. The company has a market capitalization of $846.19 million, a price-to-earnings ratio of 26.10, a PEG ratio of 2.35 and a beta of 1.59.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. Petco Health and Wellness had a net margin of 0.51% and a return on equity of 3.44%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm posted $0.05 EPS. On average, sell-side analysts forecast that Petco Health and Wellness will post 0.10 EPS for the current year.

Institutional Investors Weigh In On Petco Health and Wellness

A number of institutional investors have recently modified their holdings of WOOF. HB Wealth Management LLC acquired a new position in Petco Health and Wellness in the first quarter valued at $34,000. International Assets Investment Management LLC lifted its holdings in shares of Petco Health and Wellness by 63.9% during the first quarter. International Assets Investment Management LLC now owns 12,825 shares of the company’s stock worth $35,000 after purchasing an additional 5,000 shares during the period. R Squared Ltd acquired a new stake in shares of Petco Health and Wellness during the first quarter worth $36,000. Amundi purchased a new position in Petco Health and Wellness in the 1st quarter valued at $54,000. Finally, Rockefeller Capital Management L.P. increased its stake in Petco Health and Wellness by 14.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company’s stock valued at $66,000 after buying an additional 2,988 shares during the period.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc is a U.S.-based pet health and wellness retailer operating under the Petco brand. The company serves pet owners through a combination of brick-and-mortar stores, digital commerce channels and service locations, offering products and services for dogs, cats, fish, birds, reptiles and other companion animals.

Petco’s merchandise includes pet food, treats, toys, bedding, habitats, grooming supplies and other everyday care products. Its services include veterinary care, grooming, training, adoption support and other wellness offerings.