Petco Health and Wellness (NASDAQ:WOOF) Downgraded by The Goldman Sachs Group to “Neutral”

The Goldman Sachs Group lowered shares of Petco Health and Wellness (NASDAQ:WOOF) from a buy rating to a neutral rating in a research report report published on Monday, MarketBeat Ratings reports. They currently have $3.83 price target on the stock.

Several other brokerages have also recently commented on WOOF. Jefferies Financial Group upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and boosted their price target for the stock from $4.05 to $5.00 in a research note on Thursday, March 12th. UBS Group boosted their price target on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, March 16th. Zacks Research upgraded shares of Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Citigroup boosted their price target on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, March 16th. Finally, 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 note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.04.

Petco Health and Wellness Stock Up 1.4%

WOOF opened at $2.83 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.38 and a current ratio of 0.90. Petco Health and Wellness has a fifty-two week low of $2.24 and a fifty-two week high of $4.51. The firm’s fifty day moving average is $2.69 and its 200 day moving average is $3.00. The stock has a market cap of $911.68 million, a price-to-earnings ratio of 94.33, a price-to-earnings-growth ratio of 3.62 and a beta of 1.62.

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

Institutional Trading of Petco Health and Wellness

Hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its position in shares of Petco Health and Wellness by 14.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company’s stock valued at $66,000 after buying an additional 2,988 shares in the last quarter. Alpine Global Management LLC purchased a new stake in shares of Petco Health and Wellness during the 4th quarter valued at about $175,000. Zacks Investment Management purchased a new stake in shares of Petco Health and Wellness during the 4th quarter valued at about $94,000. Gotham Asset Management LLC raised its position in shares of Petco Health and Wellness by 33.9% during the 4th quarter. Gotham Asset Management LLC now owns 319,035 shares of the company’s stock valued at $896,000 after buying an additional 80,804 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Petco Health and Wellness during the 4th quarter valued at about $108,000.

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.