Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $3.94 Average PT from Brokerages

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $4.0980.

Several research firms have recently commented on WOOF. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Petco Health and Wellness in a research report on Monday, December 29th. UBS Group raised their price objective on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Monday. Citigroup upped their target price on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a report on Monday. Evercore decreased their price target on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a research report on Tuesday, February 3rd. Finally, Jefferies Financial Group upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and lifted their price target for the stock from $4.05 to $5.00 in a research note on Thursday, March 12th.

Hedge Funds Weigh In On Petco Health and Wellness

Several institutional investors and hedge funds have recently bought and sold shares of WOOF. Sei Investments Co. raised its holdings in Petco Health and Wellness by 12.8% during the second quarter. Sei Investments Co. now owns 26,055 shares of the company’s stock valued at $74,000 after acquiring an additional 2,951 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Petco Health and Wellness by 14.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company’s stock worth $66,000 after acquiring an additional 2,988 shares during the period. Bank of Nova Scotia grew its position in shares of Petco Health and Wellness by 27.8% during the second quarter. Bank of Nova Scotia now owns 15,208 shares of the company’s stock worth $43,000 after purchasing an additional 3,308 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Petco Health and Wellness by 9.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 42,569 shares of the company’s stock worth $155,000 after purchasing an additional 3,531 shares in the last quarter. Finally, Creative Planning raised its stake in Petco Health and Wellness by 11.0% during the 3rd quarter. Creative Planning now owns 40,826 shares of the company’s stock valued at $158,000 after purchasing an additional 4,047 shares during the period.

Petco Health and Wellness Stock Performance

WOOF stock opened at $3.38 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.38. Petco Health and Wellness has a 1 year low of $2.24 and a 1 year high of $4.51. The company has a market cap of $1.08 billion, a P/E ratio of 112.67 and a beta of 1.75. The stock’s fifty day moving average price is $2.73 and its 200-day moving average price is $3.10.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Petco Health and Wellness had a net margin of 0.15% and a return on equity of 0.89%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS. On average, equities analysts forecast that Petco Health and Wellness will post -0.22 earnings per share for the current year.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.