Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $8.96.

Several research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Petco Health and Wellness from $11.00 to $7.00 and set an “overweight” rating on the stock in a research note on Friday, August 25th. StockNews.com downgraded shares of Petco Health and Wellness from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Royal Bank of Canada dropped their target price on shares of Petco Health and Wellness from $10.00 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, August 25th. Robert W. Baird dropped their target price on shares of Petco Health and Wellness from $11.00 to $8.00 in a research note on Thursday, August 24th. Finally, Wedbush dropped their target price on shares of Petco Health and Wellness from $9.00 to $6.00 and set an “outperform” rating on the stock in a research note on Friday, August 25th.

Petco Health and Wellness Trading Up 1.4 %

NASDAQ:WOOF opened at $5.16 on Friday. Petco Health and Wellness has a one year low of $4.99 and a one year high of $15.85. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.33. The company’s 50-day simple moving average is $7.69 and its 200 day simple moving average is $8.84. The firm has a market capitalization of $1.57 billion, a P/E ratio of 39.69, a PEG ratio of 7.82 and a beta of 1.11.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Petco Health and Wellness had a net margin of 0.59% and a return on equity of 3.17%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Petco Health and Wellness’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, analysts forecast that Petco Health and Wellness will post 0.26 EPS for the current fiscal year.

Institutional Trading of Petco Health and Wellness

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp purchased a new stake in shares of Petco Health and Wellness in the first quarter worth $128,843,000. Millennium Management LLC increased its stake in shares of Petco Health and Wellness by 2,109.0% in the fourth quarter. Millennium Management LLC now owns 4,305,037 shares of the company’s stock worth $40,812,000 after purchasing an additional 4,110,147 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Petco Health and Wellness by 598.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,142,382 shares of the company’s stock worth $27,966,000 after purchasing an additional 2,692,542 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Petco Health and Wellness in the second quarter worth $21,579,000. Finally, Norges Bank purchased a new stake in shares of Petco Health and Wellness in the fourth quarter worth $21,521,000. 48.54% of the stock is owned by hedge funds and other institutional investors.

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.