Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) PT at $3.36

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $3.36.

A number of brokerages recently commented on WOOF. Wedbush reissued an “outperform” rating and set a $5.00 price target (up from $4.00) on shares of Petco Health and Wellness in a research note on Thursday, July 18th. Bank of America reissued an “underperform” rating and issued a $1.50 target price (down from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. UBS Group upped their price target on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Royal Bank of Canada increased their price objective on shares of Petco Health and Wellness from $2.70 to $3.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Finally, Citigroup boosted their target price on shares of Petco Health and Wellness from $3.00 to $4.00 and gave the stock a “neutral” rating in a report on Friday, July 19th.

Petco Health and Wellness Trading Down 5.4 %

Petco Health and Wellness stock opened at $3.35 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.21. The firm’s 50 day moving average price is $3.49 and its 200-day moving average price is $2.66. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $8.45. The stock has a market cap of $1.04 billion, a P/E ratio of -0.68 and a beta of 1.89.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.03. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. On average, equities analysts predict that Petco Health and Wellness will post -0.24 earnings per share for the current fiscal year.

Insider Activity at Petco Health and Wellness

In other news, Director Cameron Breitner acquired 750,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was acquired at an average price of $3.14 per share, with a total value of $2,355,000.00. Following the completion of the purchase, the director now directly owns 750,000 shares in the company, valued at $2,355,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently modified their holdings of the business. Headlands Technologies LLC bought a new position in Petco Health and Wellness in the 1st quarter valued at $30,000. Norden Group LLC purchased a new stake in shares of Petco Health and Wellness during the first quarter valued at $31,000. Pallas Capital Advisors LLC bought a new position in shares of Petco Health and Wellness in the second quarter worth about $58,000. Diversified Trust Co purchased a new position in Petco Health and Wellness in the 2nd quarter worth about $79,000. Finally, HB Wealth Management LLC bought a new stake in Petco Health and Wellness during the 1st quarter valued at about $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.