Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $4.04 Average Price Target from Brokerages

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been given an average recommendation of “Hold” by the twelve research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $4.0367.

A number of equities research analysts have issued reports on WOOF shares. The Goldman Sachs Group lowered shares of Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price target on the stock. in a report on Monday, April 13th. Evercore cut 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 report on Tuesday, February 3rd. Jefferies Financial Group raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and raised their price target for the stock from $4.05 to $5.00 in a report on Thursday, March 12th. UBS Group upped 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, March 16th. Finally, Zacks Research lowered shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its holdings in Petco Health and Wellness by 12.8% in the 2nd quarter. Sei Investments Co. now owns 26,055 shares of the company’s stock worth $74,000 after purchasing an additional 2,951 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Petco Health and Wellness by 14.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company’s stock worth $66,000 after purchasing an additional 2,988 shares in the last quarter. Bank of Nova Scotia raised its holdings in Petco Health and Wellness by 27.8% in the 2nd 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 raised its holdings in Petco Health and Wellness by 9.0% in the 3rd 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 holdings in Petco Health and Wellness by 11.0% in the 3rd quarter. Creative Planning now owns 40,826 shares of the company’s stock worth $158,000 after purchasing an additional 4,047 shares in the last quarter.

Petco Health and Wellness Price Performance

Shares of Petco Health and Wellness stock opened at $2.96 on Friday. The firm has a market cap of $953.55 million, a PE ratio of 98.67, a price-to-earnings-growth ratio of 3.97 and a beta of 1.53. Petco Health and Wellness has a 12-month low of $2.24 and a 12-month high of $4.51. The company has a quick ratio of 0.38, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The company’s fifty day simple moving average is $2.79 and its two-hundred day simple moving average is $2.83.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings results on Wednesday, March 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. Petco Health and Wellness had a return on equity of 0.89% and a net margin of 0.15%.Petco Health and Wellness’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the business earned ($0.05) EPS. As a group, equities analysts expect that Petco Health and Wellness will post 0.07 EPS 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.