Petco Health and Wellness (NASDAQ:WOOF) Upgraded at Zacks Research

Zacks Research upgraded shares of Petco Health and Wellness (NASDAQ:WOOF) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.

Several other brokerages also recently commented on WOOF. Wall Street Zen upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley lowered 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 report on Friday, June 6th. Jefferies Financial Group increased their price target on Petco Health and Wellness from $4.05 to $4.15 and gave the company a “hold” rating in a report on Friday, August 29th. UBS Group increased their price target on Petco Health and Wellness from $3.25 to $3.70 and gave the company a “neutral” rating in a report on Friday, August 29th. Finally, Robert W. Baird increased their price target on Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $3.95.

Petco Health and Wellness Trading Up 7.3%

NASDAQ:WOOF opened at $3.67 on Thursday. The stock’s 50 day moving average price is $3.27 and its 200 day moving average price is $3.07. Petco Health and Wellness has a 52 week low of $2.28 and a 52 week high of $6.29. The company has a market capitalization of $1.16 billion, a P/E ratio of -36.70 and a beta of 1.74. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.31 and a current ratio of 0.89.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Petco Health and Wellness had a negative return on equity of 1.71% and a negative net margin of 0.47%.The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. On average, research analysts forecast that Petco Health and Wellness will post -0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Petco Health and Wellness

Several hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. boosted its position in shares of Petco Health and Wellness by 59.0% in the second quarter. Osaic Holdings Inc. now owns 22,842 shares of the company’s stock valued at $65,000 after acquiring an additional 8,480 shares during the period. State of Wyoming boosted its position in shares of Petco Health and Wellness by 126.1% in the second quarter. State of Wyoming now owns 71,528 shares of the company’s stock valued at $202,000 after acquiring an additional 39,898 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Petco Health and Wellness by 378.8% in the second quarter. Tower Research Capital LLC TRC now owns 16,749 shares of the company’s stock valued at $47,000 after acquiring an additional 13,251 shares during the period. Captrust Financial Advisors lifted its position in Petco Health and Wellness by 51.7% in the second quarter. Captrust Financial Advisors now owns 25,991 shares of the company’s stock worth $74,000 after purchasing an additional 8,862 shares during the period. Finally, Holocene Advisors LP lifted its position in Petco Health and Wellness by 57.5% in the second 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 period.

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.