Petco Health and Wellness (NASDAQ:WOOF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Petco Health and Wellness (NASDAQ:WOOF) from a hold rating to a buy rating in a research note released on Sunday,Wall Street Zen reports.

Several other equities research analysts have also recently issued reports on WOOF. Robert W. Baird raised their price objective on shares of Petco Health and Wellness from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Zacks Research upgraded shares of Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. Weiss Ratings raised shares of Petco Health and Wellness from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 8th. BNP Paribas Exane cut their price target on shares of Petco Health and Wellness from $2.34 to $2.11 and set an “underperform” rating for the company in a report on Thursday, September 3rd. Finally, Citigroup reduced their price target on shares of Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.42.

Petco Health and Wellness Price Performance

NASDAQ:WOOF opened at $2.38 on Friday. The stock has a 50 day moving average of $2.69 and a two-hundred day moving average of $2.74. Petco Health and Wellness has a 12 month low of $2.24 and a 12 month high of $3.96. The firm has a market cap of $771.62 million, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 2.21 and a beta of 1.53. The company has a current ratio of 0.90, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. Petco Health and Wellness had a net margin of 0.51% and a return on equity of 3.44%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm earned $0.05 EPS. On average, analysts expect that Petco Health and Wellness will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Petco Health and Wellness news, insider Holly May sold 200,000 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $2.54, for a total transaction of $508,000.00. Following the completion of the transaction, the insider owned 1,327,867 shares of the company’s stock, valued at $3,372,782.18. This trade represents a 13.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 450,000 shares of company stock valued at $1,145,500 over the last 90 days. Corporate insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Petco Health and Wellness

Several hedge funds have recently bought and sold shares of WOOF. Renaissance Technologies LLC purchased a new position in shares of Petco Health and Wellness during the first quarter worth about $1,455,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Petco Health and Wellness in the 1st quarter valued at about $3,883,000. Dimensional Fund Advisors LP lifted its holdings in shares of Petco Health and Wellness by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,111,061 shares of the company’s stock valued at $28,107,000 after purchasing an additional 655,567 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Petco Health and Wellness in the 1st quarter valued at about $527,000. Finally, Sei Investments Co. boosted its position in shares of Petco Health and Wellness by 36.3% in the 1st quarter. Sei Investments Co. now owns 149,391 shares of the company’s stock valued at $415,000 after purchasing an additional 39,762 shares during the period.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc is a pet-focused retailer and services provider operating primarily in the United States and Puerto Rico. The company serves pet owners through a network of stores and digital channels, offering products and services for dogs, cats, small animals, birds, fish and reptiles.

Petco sells pet food, treats, supplies, toys, bedding, habitats and other everyday care products, including merchandise under its own brands such as WholeHearted, Reddy and EveryYay.