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 research note published on Tuesday morning,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on WOOF. UBS Group boosted their price target on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Monday, March 16th. Evercore reduced their price target on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Petco Health and Wellness in a research report on Monday, December 29th. Jefferies Financial Group raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and boosted their price target for the company from $4.05 to $5.00 in a research report on Thursday, March 12th. Finally, Citigroup boosted their price target on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.06.

Petco Health and Wellness Price Performance

Petco Health and Wellness stock opened at $2.84 on Tuesday. The stock has a market cap of $914.91 million, a P/E ratio of 94.67, a price-to-earnings-growth ratio of 3.64 and a beta of 1.62. The company has a fifty day simple moving average of $2.69 and a 200-day simple moving average of $3.02. Petco Health and Wellness has a 12-month low of $2.24 and a 12-month high of $4.51. The company has a current ratio of 0.90, a quick ratio of 0.38 and a debt-to-equity ratio of 1.28.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WOOF. Financial Management Professionals Inc. acquired a new position in shares of Petco Health and Wellness during the third quarter worth about $26,000. Quantbot Technologies LP acquired a new position in shares of Petco Health and Wellness during the third quarter worth about $34,000. National Bank of Canada FI acquired a new position in shares of Petco Health and Wellness during the third quarter worth about $35,000. Quarry LP acquired a new position in shares of Petco Health and Wellness during the third quarter worth about $38,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Petco Health and Wellness by 425.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock worth $30,000 after acquiring an additional 8,519 shares during the period.

About Petco Health and Wellness

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.