Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Average Recommendation of “Hold” by Brokerages

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has received an average rating of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $3.45.

A number of brokerages recently issued reports on WOOF. Citigroup lifted their price target on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Wedbush reiterated an “outperform” rating and set a $5.00 target price on shares of Petco Health and Wellness in a research note on Wednesday, September 11th. Wells Fargo & Company raised their price target on 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. Royal Bank of Canada lifted their price target on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective on shares of Petco Health and Wellness in a report on Thursday, May 23rd.

Petco Health and Wellness Stock Up 5.8 %

Petco Health and Wellness stock opened at $4.92 on Wednesday. The firm has a market capitalization of $1.53 billion, a P/E ratio of -1.00 and a beta of 1.88. The stock’s fifty day simple moving average is $3.19 and its 200-day simple moving average is $2.79. Petco Health and Wellness has a twelve month low of $1.41 and a twelve month high of $4.99. The company has a current ratio of 0.84, a quick ratio of 0.21 and a debt-to-equity ratio of 1.39.

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, 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 analyst estimates of $1.53 billion. During the same quarter last year, the company earned ($0.01) EPS. Petco Health and Wellness’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts expect that Petco Health and Wellness will post -0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WOOF. Vanguard Group Inc. increased 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 valued at $20,994,000 after acquiring an additional 1,254,554 shares during the period. AQR Capital Management LLC increased its stake in Petco Health and Wellness by 82.1% in the second quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock valued at $22,661,000 after purchasing an additional 2,953,667 shares during the period. Marshall Wace LLP raised its holdings in shares of Petco Health and Wellness by 47.3% in the second quarter. Marshall Wace LLP now owns 3,401,248 shares of the company’s stock valued at $12,857,000 after buying an additional 1,092,204 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Petco Health and Wellness by 233.7% during the second quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock worth $10,127,000 after buying an additional 1,876,233 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in shares of Petco Health and Wellness by 1,212.7% during the second quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock worth $6,863,000 after buying an additional 1,677,179 shares during the last quarter.

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.