Petco Health and Wellness (NASDAQ:WOOF) Price Target Raised to $28.00 at Citigroup

Petco Health and Wellness (NASDAQ:WOOFGet Rating) had its price objective boosted by Citigroup from $26.00 to $28.00 in a research note issued to investors on Thursday, April 14th, The Fly reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 40.28% from the company’s previous close.

Several other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Petco Health and Wellness from a “buy” rating to a “hold” rating in a research note on Tuesday, February 8th. Needham & Company LLC began coverage on shares of Petco Health and Wellness in a research note on Thursday, December 16th. They issued a “buy” rating and a $30.00 price objective on the stock. Wells Fargo & Company reaffirmed a “buy” rating and issued a $30.00 target price on shares of Petco Health and Wellness in a report on Thursday, March 24th. Wedbush increased their price target on shares of Petco Health and Wellness from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, March 29th. Finally, StockNews.com began coverage on Petco Health and Wellness in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Petco Health and Wellness presently has a consensus rating of “Buy” and a consensus price target of $24.82.

NASDAQ WOOF traded down $0.41 during trading hours on Thursday, hitting $19.96. The company had a trading volume of 16,385 shares, compared to its average volume of 1,574,430. The business has a 50 day moving average of $19.87 and a 200-day moving average of $20.20. The company has a market cap of $4.54 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 0.44 and a beta of 1.04. Petco Health and Wellness has a 1-year low of $16.22 and a 1-year high of $28.73. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.38 and a current ratio of 1.02.

Petco Health and Wellness (NASDAQ:WOOFGet Rating) last announced its earnings results on Tuesday, March 8th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Petco Health and Wellness had a return on equity of 9.49% and a net margin of 2.83%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the firm earned $0.17 EPS. The business’s revenue was up 13.2% on a year-over-year basis. Sell-side analysts expect that Petco Health and Wellness will post 0.89 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in WOOF. Morgan Stanley grew its position in shares of Petco Health and Wellness by 133.9% in the second quarter. Morgan Stanley now owns 270,874 shares of the company’s stock valued at $6,070,000 after purchasing an additional 155,085 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new position in Petco Health and Wellness during the third quarter worth $324,000. M&T Bank Corp raised its holdings in shares of Petco Health and Wellness by 15.2% in the third quarter. M&T Bank Corp now owns 10,428 shares of the company’s stock worth $221,000 after acquiring an additional 1,373 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of Petco Health and Wellness in the third quarter valued at $561,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Petco Health and Wellness by 18.7% during the third quarter. Commonwealth Equity Services LLC now owns 12,671 shares of the company’s stock valued at $267,000 after acquiring an additional 2,000 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Petco Health and Wellness Company Profile (Get Rating)

Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. 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.

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