Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Consensus Rating of “Hold” by Analysts

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has received a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $3.49.

WOOF has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Royal Bank of Canada lifted their target price on Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Wells Fargo & Company increased their price target on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Citigroup lifted their price objective on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Finally, Wedbush lifted their target price on Petco Health and Wellness from $5.00 to $5.50 and gave the stock an “outperform” rating in a report on Friday, October 18th.

Petco Health and Wellness Stock Down 1.8 %

WOOF opened at $4.49 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -0.90 and a beta of 1.92. The business has a 50 day moving average of $4.26 and a 200-day moving average of $3.35. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $5.94.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the business earned ($0.01) earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. As a group, sell-side analysts anticipate that Petco Health and Wellness will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WOOF. Point72 Asset Management L.P. raised its position in shares of Petco Health and Wellness by 1,212.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock valued at $6,863,000 after buying an additional 1,677,179 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Petco Health and Wellness by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock worth $20,994,000 after purchasing an additional 1,254,554 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in shares of Petco Health and Wellness by 50.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 833,153 shares of the company’s stock worth $3,149,000 after purchasing an additional 280,644 shares in the last quarter. Norden Group LLC bought a new position in shares of Petco Health and Wellness during the 1st quarter valued at about $309,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Petco Health and Wellness during the 1st quarter valued at about $588,000.

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.