Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) PT at $3.65

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has received a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $3.65.

A number of analysts have weighed in on WOOF shares. Needham & Company LLC reissued a “buy” rating and set a $5.00 target price on shares of Petco Health and Wellness in a report on Wednesday, March 13th. Robert W. Baird dropped their target price on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Bank of America reissued an “underperform” rating and set a $1.50 target price (down from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. Evercore ISI 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 report on Friday, March 15th. Finally, Royal Bank of Canada dropped their price objective on shares of Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating on the stock in a report on Friday, March 15th.

Hedge Funds Weigh In On Petco Health and Wellness

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Petco Health and Wellness by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 7,953,510 shares of the company’s stock valued at $25,133,000 after buying an additional 236,385 shares during the period. Virtu Financial LLC increased its stake in Petco Health and Wellness by 120.7% during the 4th quarter. Virtu Financial LLC now owns 108,079 shares of the company’s stock valued at $342,000 after buying an additional 59,118 shares during the period. Barclays PLC increased its stake in Petco Health and Wellness by 145.2% during the 4th quarter. Barclays PLC now owns 356,999 shares of the company’s stock valued at $1,128,000 after buying an additional 211,429 shares during the period. Vident Advisory LLC acquired a new position in Petco Health and Wellness during the 4th quarter valued at about $64,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Petco Health and Wellness during the 4th quarter valued at about $328,000.

Petco Health and Wellness Trading Up 1.9 %

NASDAQ WOOF opened at $1.65 on Friday. Petco Health and Wellness has a 12 month low of $1.55 and a 12 month high of $10.76. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.24. The company has a market capitalization of $507.16 million, a price-to-earnings ratio of -0.35 and a beta of 1.15. The company’s fifty day moving average price is $2.26 and its two-hundred day moving average price is $2.89.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. Petco Health and Wellness had a negative net margin of 20.47% and a negative return on equity of 2.20%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. As a group, research analysts predict that Petco Health and Wellness will post -0.23 earnings per share for the current fiscal year.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. 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.