Petco Health and Wellness (NASDAQ:WOOF) Shares Up 5.9% – Should You Buy?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s share price rose 5.9% on Tuesday . The company traded as high as $5.21 and last traded at $5.20. Approximately 3,433,709 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 4,457,271 shares. The stock had previously closed at $4.91.

Analysts Set New Price Targets

Several brokerages recently issued reports on WOOF. Wedbush lifted their price objective on Petco Health and Wellness from $5.00 to $5.50 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Citigroup lifted their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. The Goldman Sachs Group decreased their target price on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Royal Bank of Canada upped 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 report on Wednesday, September 11th. Finally, Wells Fargo & Company increased their target price on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $3.49.

Petco Health and Wellness Price Performance

The stock’s fifty day simple moving average is $4.55 and its two-hundred day simple moving average is $3.77. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) earnings per share. On average, equities research analysts forecast that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Petco Health and Wellness

A number of large investors have recently bought and sold shares of the business. Caprock Group LLC bought a new position in Petco Health and Wellness in the 2nd quarter worth $44,000. Choreo LLC acquired a new stake in Petco Health and Wellness in the 2nd quarter valued at approximately $45,000. Frank Rimerman Advisors LLC bought a new position in Petco Health and Wellness in the 2nd quarter worth approximately $50,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Petco Health and Wellness by 253.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after acquiring an additional 8,056 shares during the period. Finally, nVerses Capital LLC acquired a new stake in Petco Health and Wellness in the 2nd quarter worth $52,000.

About Petco Health and Wellness

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.