The Goldman Sachs Group Lowers Petco Health and Wellness (NASDAQ:WOOF) Price Target to $4.00

Petco Health and Wellness (NASDAQ:WOOF) had its price objective lowered by investment analysts at The Goldman Sachs Group from $5.00 to $4.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price indicates a potential downside of 18.70% from the stock’s current price.

WOOF has been the topic of several other research reports. UBS Group boosted their target price on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a research note on Thursday, May 23rd. Citigroup raised their price objective on Petco Health and Wellness from $3.00 to $4.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Royal Bank of Canada raised their price target on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price objective on shares of Petco Health and Wellness in a research note on Thursday, May 23rd. Finally, Wells Fargo & Company boosted their target price on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $3.41.

Petco Health and Wellness Price Performance

WOOF traded up $0.84 during trading hours on Thursday, hitting $4.92. The company’s stock had a trading volume of 10,901,030 shares, compared to its average volume of 4,767,601. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -1.00 and a beta of 1.88. Petco Health and Wellness has a 12 month low of $1.41 and a 12 month high of $4.99. The company has a current ratio of 0.85, a quick ratio of 0.21 and a debt-to-equity ratio of 1.35. The business’s 50-day moving average price is $3.08 and its 200-day moving average price is $2.73.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. Petco Health and Wellness’s revenue was down .5% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. Sell-side analysts expect that Petco Health and Wellness will post -0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Petco Health and Wellness

Several institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in shares of Petco Health and Wellness during the 1st quarter worth approximately $30,000. Norden Group LLC acquired a new stake in shares of Petco Health and Wellness in the first quarter valued at about $31,000. Caprock Group LLC bought a new stake in shares of Petco Health and Wellness in the second quarter valued at about $44,000. Choreo LLC bought a new stake in shares of Petco Health and Wellness during the 2nd quarter valued at approximately $45,000. Finally, HB Wealth Management LLC bought a new stake in Petco Health and Wellness during the first quarter worth $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.