Analysts Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) PT at $15.22

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOFGet Rating) have been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.22.

A number of equities research analysts have recently weighed in on the company. Citigroup lowered their target price on Petco Health and Wellness from $19.00 to $15.00 in a research note on Monday, October 31st. Morgan Stanley reduced their price target on Petco Health and Wellness from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday. StockNews.com downgraded Petco Health and Wellness from a “buy” rating to a “hold” rating in a report on Saturday, December 10th. The Goldman Sachs Group reduced their price target on Petco Health and Wellness from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, December 1st. Finally, Wells Fargo & Company reduced their target price on Petco Health and Wellness from $19.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, November 18th.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $10.58 on Friday. The business’s fifty day simple moving average is $10.05 and its 200 day simple moving average is $12.20. The firm has a market capitalization of $2.41 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 3.70 and a beta of 0.86. Petco Health and Wellness has a 12 month low of $8.72 and a 12 month high of $22.75. The company has a current ratio of 0.96, a quick ratio of 0.28 and a debt-to-equity ratio of 0.70.

Petco Health and Wellness (NASDAQ:WOOFGet Rating) last released its earnings results on Wednesday, November 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Petco Health and Wellness had a return on equity of 7.32% and a net margin of 1.46%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. As a group, analysts anticipate that Petco Health and Wellness will post 0.62 EPS for the current year.

Institutional Trading of Petco Health and Wellness

Several institutional investors and hedge funds have recently modified their holdings of WOOF. William Blair Investment Management LLC bought a new stake in shares of Petco Health and Wellness during the second quarter valued at approximately $112,312,000. Mackenzie Financial Corp purchased a new position in Petco Health and Wellness during the first quarter valued at approximately $128,843,000. Macquarie Group Ltd. purchased a new position in Petco Health and Wellness during the second quarter valued at approximately $56,285,000. Boston Partners purchased a new position in Petco Health and Wellness during the third quarter valued at approximately $13,009,000. Finally, Bank of New York Mellon Corp increased its holdings in Petco Health and Wellness by 422.9% during the first quarter. Bank of New York Mellon Corp now owns 1,451,917 shares of the company’s stock valued at $28,416,000 after buying an additional 1,174,228 shares during the period. Institutional investors own 62.27% of the company’s stock.

Petco Health and Wellness Company Profile

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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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Analyst Recommendations for Petco Health and Wellness (NASDAQ:WOOF)

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