Robert W. Baird Forecasts Strong Price Appreciation for Petco Health and Wellness (NASDAQ:WOOF) Stock

Petco Health and Wellness (NASDAQ:WOOF) had its target price upped by equities research analysts at Robert W. Baird from $3.50 to $4.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 0.25% from the stock’s previous close.

WOOF has been the topic of a number of other reports. Morgan Stanley reduced their price target on shares of Petco Health and Wellness from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Friday, June 6th. Wells Fargo & Company increased their price objective on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “equal weight” rating in a report on Friday, June 6th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $3.95.

Petco Health and Wellness Trading Up 23.5%

Petco Health and Wellness stock opened at $3.99 on Friday. The firm’s 50-day moving average is $3.19 and its 200-day moving average is $3.05. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.25 and a current ratio of 0.85. Petco Health and Wellness has a 1 year low of $2.28 and a 1 year high of $6.29. The company has a market cap of $1.26 billion, a P/E ratio of -39.90 and a beta of 1.72.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Petco Health and Wellness had a negative net margin of 0.47% and a negative return on equity of 1.72%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm posted ($0.02) EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, equities analysts expect that Petco Health and Wellness will post -0.22 earnings per share for the current year.

Institutional Trading of Petco Health and Wellness

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Petco Health and Wellness by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 8,691,631 shares of the company’s stock worth $26,509,000 after purchasing an additional 682,099 shares during the last quarter. Holocene Advisors LP grew its stake in shares of Petco Health and Wellness by 57.5% in the 2nd quarter. Holocene Advisors LP now owns 4,291,073 shares of the company’s stock worth $12,144,000 after purchasing an additional 1,566,709 shares during the last quarter. Long Focus Capital Management LLC acquired a new position in Petco Health and Wellness in the first quarter worth approximately $12,923,000. Goldman Sachs Group Inc. grew its position in Petco Health and Wellness by 60.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock worth $11,095,000 after buying an additional 1,367,299 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Petco Health and Wellness by 269.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company’s stock worth $12,354,000 after buying an additional 2,365,654 shares during the last quarter.

Petco Health and Wellness Company Profile

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.