Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Price Target at $21.10

Petco Health and Wellness Company, Inc. (NASDAQ:WOOFGet Rating) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $21.10.

A number of analysts recently weighed in on the stock. UBS Group lowered their target price on shares of Petco Health and Wellness to $17.00 in a research note on Wednesday, May 25th. Robert W. Baird lowered their target price on shares of Petco Health and Wellness from $25.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 24th. Wedbush lowered their target price on shares of Petco Health and Wellness from $25.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 26th. Royal Bank of Canada began coverage on shares of Petco Health and Wellness in a research note on Tuesday, September 6th. They issued an “outperform” rating and a $17.00 target price on the stock. Finally, The Goldman Sachs Group decreased their price objective on shares of Petco Health and Wellness from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, June 27th.

Insiders Place Their Bets

In other news, insider Justin Tichy sold 6,500 shares of the stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $15.74, for a total transaction of $102,310.00. Following the sale, the insider now directly owns 78,142 shares of the company’s stock, valued at $1,229,955.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.55% of the company’s stock.

Institutional Trading of Petco Health and Wellness

Several hedge funds have recently modified their holdings of WOOF. William Blair Investment Management LLC bought a new stake in shares of Petco Health and Wellness during the second quarter valued at approximately $112,312,000. Mackenzie Financial Corp bought a new position in Petco Health and Wellness in the first quarter valued at approximately $128,843,000. Macquarie Group Ltd. bought a new position in Petco Health and Wellness in the second quarter valued at approximately $56,285,000. Bank of New York Mellon Corp boosted its stake in Petco Health and Wellness by 422.9% in the first quarter. Bank of New York Mellon Corp now owns 1,451,917 shares of the company’s stock valued at $28,416,000 after acquiring an additional 1,174,228 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new position in Petco Health and Wellness in the second quarter valued at approximately $14,102,000. 68.23% of the stock is owned by institutional investors.

Petco Health and Wellness Trading Up 0.2 %

Shares of WOOF stock opened at $14.44 on Friday. The firm has a fifty day moving average of $14.92 and a 200-day moving average of $17.05. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 2.92 and a beta of 0.61. Petco Health and Wellness has a 52-week low of $12.88 and a 52-week high of $26.21. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.28 and a current ratio of 0.98.

Petco Health and Wellness (NASDAQ:WOOFGet Rating) last posted its earnings results on Wednesday, August 24th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Petco Health and Wellness had a net margin of 2.03% and a return on equity of 7.96%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 EPS. On average, equities research analysts forecast that Petco Health and Wellness will post 0.66 earnings per share for the current fiscal year.

Petco Health and Wellness Company Profile

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Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.

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Analyst Recommendations for Petco Health and Wellness (NASDAQ:WOOF)

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