UBS Group Raises Petco Health and Wellness (NASDAQ:WOOF) Price Target to $3.25

Petco Health and Wellness (NASDAQ:WOOF) had its target price increased by analysts at UBS Group from $2.50 to $3.25 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 6.91% from the company’s previous close.

WOOF has been the topic of several other reports. Royal Bank of Canada lowered their price target on shares of Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating on the stock in a report on Friday, March 15th. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a report on Thursday. Citigroup lowered their price target on shares of Petco Health and Wellness from $2.85 to $1.75 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Evercore ISI lowered their price target on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a report on Friday, March 15th. Finally, Wells Fargo & Company lowered their target price on shares of Petco Health and Wellness from $3.00 to $2.00 and set an “equal weight” rating on the stock in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $3.03.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF traded up $0.16 during mid-day trading on Thursday, hitting $3.04. The stock had a trading volume of 2,810,321 shares, compared to its average volume of 4,379,167. Petco Health and Wellness has a twelve month low of $1.41 and a twelve month high of $9.74. The stock has a market cap of $934.40 million, a price-to-earnings ratio of -0.64 and a beta of 1.27. The company’s 50 day simple moving average is $1.90 and its 200 day simple moving average is $2.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.24 and a current ratio of 0.86.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Wednesday, May 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.03. Petco Health and Wellness had a negative net margin of 20.47% and a negative return on equity of 2.20%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. On average, equities research analysts forecast that Petco Health and Wellness will post -0.23 earnings per share for the current year.

Institutional Trading of Petco Health and Wellness

Hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Petco Health and Wellness by 12.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,290 shares of the company’s stock worth $104,000 after purchasing an additional 4,836 shares during the period. Bank of New York Mellon Corp lifted its holdings in Petco Health and Wellness by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 382,413 shares of the company’s stock valued at $1,564,000 after buying an additional 5,695 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in Petco Health and Wellness by 117.9% in the third quarter. Orion Portfolio Solutions LLC now owns 22,318 shares of the company’s stock valued at $91,000 after buying an additional 12,076 shares during the period. Everhart Financial Group Inc. acquired a new position in Petco Health and Wellness in the fourth quarter valued at $41,000. Finally, Headlands Technologies LLC acquired a new position in Petco Health and Wellness in the first quarter valued at $30,000.

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.