Petco Health and Wellness (NASDAQ:WOOF) Shares Up 4.5%

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s share price rose 4.5% during trading on Friday . The stock traded as high as $3.55 and last traded at $3.49. Approximately 1,946,879 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 4,769,320 shares. The stock had previously closed at $3.34.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup decreased their target price on Petco Health and Wellness from $2.85 to $1.75 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. UBS Group lifted their price objective on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the company a “neutral” rating in a report on Thursday, May 23rd. Royal Bank of Canada upped their target price on shares of Petco Health and Wellness from $2.70 to $3.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price target on shares of Petco Health and Wellness in a research note on Thursday, May 23rd. Finally, Robert W. Baird dropped their price objective on Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Petco Health and Wellness presently has an average rating of “Hold” and an average price target of $3.09.

Petco Health and Wellness Price Performance

The company has a market cap of $1.17 billion, a PE ratio of -0.71 and a beta of 1.91. The company has a quick ratio of 0.21, a current ratio of 0.85 and a debt-to-equity ratio of 1.35. The firm has a 50 day simple moving average of $2.77 and a 200-day simple moving average of $2.62.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. As a group, research analysts predict that Petco Health and Wellness Company, Inc. will post -0.24 earnings per share for the current fiscal year.

Insider Transactions at Petco Health and Wellness

In other Petco Health and Wellness news, Director Cameron Breitner purchased 750,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average price of $3.14 per share, for a total transaction of $2,355,000.00. Following the completion of the purchase, the director now owns 750,000 shares of the company’s stock, valued at $2,355,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Petco Health and Wellness

A number of large investors have recently made changes to their positions in the stock. 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 valued at $20,994,000 after acquiring an additional 1,254,554 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Petco Health and Wellness by 73.4% in the third quarter. AQR Capital Management LLC now owns 5,225,206 shares of the company’s stock valued at $21,084,000 after purchasing an additional 2,210,988 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Petco Health and Wellness during the 1st quarter worth about $4,091,000. SG Americas Securities LLC raised its stake in shares of Petco Health and Wellness by 157.3% during the 1st quarter. SG Americas Securities LLC now owns 1,066,507 shares of the company’s stock valued at $2,432,000 after buying an additional 652,080 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Petco Health and Wellness by 113.9% in the 1st quarter. ProShare Advisors LLC now owns 862,637 shares of the company’s stock valued at $1,967,000 after buying an additional 459,257 shares during the period.

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.