Petco Health and Wellness (NASDAQ:WOOF) Given “Neutral” Rating at Guggenheim

Guggenheim reissued their neutral rating on shares of Petco Health and Wellness (NASDAQ:WOOF) in a research note released on Tuesday,Benzinga reports.

WOOF has been the topic of several other reports. Wells Fargo & Company lifted their target price on Petco Health and Wellness from $3.50 to $4.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Robert W. Baird lifted their target price on Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Jefferies Financial Group lifted their price target on Petco Health and Wellness from $4.05 to $4.15 and gave the company a “hold” rating in a research note on Friday, August 29th. UBS Group lifted their price target on Petco Health and Wellness from $3.25 to $3.70 and gave the company a “neutral” rating in a research note on Friday, August 29th. Finally, Morgan Stanley decreased their price target on Petco Health and Wellness from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research note on Friday, June 6th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Petco Health and Wellness has an average rating of “Hold” and an average price target of $3.95.

Petco Health and Wellness Price Performance

Shares of NASDAQ WOOF opened at $3.62 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.25 and a current ratio of 0.89. Petco Health and Wellness has a fifty-two week low of $2.28 and a fifty-two week high of $6.29. The firm has a market capitalization of $1.14 billion, a PE ratio of -36.20 and a beta of 1.74. The stock’s 50-day simple moving average is $3.23 and its 200-day simple moving average is $3.06.

Petco Health and Wellness (NASDAQ:WOOF) last released 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. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. Petco Health and Wellness had a negative return on equity of 1.71% and a negative net margin of 0.47%.The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) EPS. As a group, equities research analysts forecast that Petco Health and Wellness will post -0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Petco Health and Wellness

A number of institutional investors have recently made changes to their positions in the stock. Brookwood Investment Group LLC purchased a new stake in shares of Petco Health and Wellness in the second quarter valued at $28,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Petco Health and Wellness in the first quarter valued at $31,000. R Squared Ltd grew its position in shares of Petco Health and Wellness by 152.7% in the first quarter. R Squared Ltd now owns 10,670 shares of the company’s stock valued at $33,000 after purchasing an additional 6,447 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in shares of Petco Health and Wellness in the second quarter valued at $31,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Petco Health and Wellness by 747.9% in the second quarter. Caitong International Asset Management Co. Ltd now owns 11,090 shares of the company’s stock valued at $31,000 after purchasing an additional 9,782 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.