Petco Health and Wellness (NASDAQ:WOOF) Price Target Raised to $4.00 at UBS Group

Petco Health and Wellness (NASDAQ:WOOF) had its price target boosted by UBS Group from $3.50 to $4.00 in a research report report published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also issued reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Monday, December 29th. Citigroup boosted 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 Monday. Evercore dropped their price objective 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. Finally, Jefferies Financial Group raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and lifted their target price for the company from $4.05 to $5.00 in a report on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.10.

Petco Health and Wellness Price Performance

NASDAQ:WOOF opened at $3.39 on Monday. The firm’s fifty day moving average is $2.73 and its two-hundred day moving average is $3.11. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 113.00 and a beta of 1.75. 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 one year low of $2.24 and a one year high of $4.51.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data 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). The company 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 business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS. Research analysts expect that Petco Health and Wellness will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Petco Health and Wellness

Institutional investors and hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. acquired a new position in Petco Health and Wellness in the 3rd quarter worth about $26,000. Caitong International Asset Management Co. Ltd grew its holdings in Petco Health and Wellness by 425.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock valued at $30,000 after purchasing an additional 8,519 shares during the period. Abel Hall LLC purchased a new stake in shares of Petco Health and Wellness in the fourth quarter valued at approximately $31,000. Cibc World Market Inc. purchased a new stake in shares of Petco Health and Wellness in the fourth quarter valued at approximately $32,000. Finally, Quantbot Technologies LP acquired a new position in shares of Petco Health and Wellness during the 3rd quarter worth approximately $34,000.

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.