Petco Health and Wellness (NASDAQ:WOOF) Receives “Outperform” Rating from Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Petco Health and Wellness (NASDAQ:WOOF) in a research note released on Wednesday,Benzinga reports. They currently have a $4.00 target price on the stock.

Several other analysts have also recently issued reports on the stock. Morgan Stanley cut their price target on shares of Petco Health and Wellness from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Friday, June 6th. Jefferies Financial Group upped their price target on shares of Petco Health and Wellness from $4.05 to $4.15 and gave the stock a “hold” rating in a research report on Friday, August 29th. Robert W. Baird upped their price target on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. UBS Group upped their price target on shares of Petco Health and Wellness from $3.25 to $3.70 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Finally, Guggenheim restated a “neutral” rating on shares of Petco Health and Wellness in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.95.

Petco Health and Wellness Trading Up 7.3%

NASDAQ WOOF opened at $3.67 on Wednesday. The company’s fifty day simple moving average is $3.27 and its 200-day simple moving average is $3.07. Petco Health and Wellness has a 52 week low of $2.28 and a 52 week high of $6.29. The company has a current ratio of 0.89, a quick ratio of 0.31 and a debt-to-equity ratio of 1.39. The stock has a market cap of $1.16 billion, a P/E ratio of -36.70 and a beta of 1.74.

Petco Health and Wellness (NASDAQ:WOOF) last posted its earnings results on Thursday, August 28th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Petco Health and Wellness had a negative net margin of 0.47% and a negative return on equity of 1.71%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.02) earnings per share. Equities research analysts predict that Petco Health and Wellness will post -0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. grew its position 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 valued at $74,000 after buying an additional 2,951 shares in the last quarter. Bank of Nova Scotia grew its position 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 valued at $43,000 after buying an additional 3,308 shares in the last quarter. Cetera Investment Advisers grew its position in Petco Health and Wellness by 17.6% in the 2nd quarter. Cetera Investment Advisers now owns 28,419 shares of the company’s stock valued at $80,000 after buying an additional 4,258 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Petco Health and Wellness by 40.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company’s stock valued at $60,000 after buying an additional 4,526 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in Petco Health and Wellness by 41.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company’s stock valued at $60,000 after buying an additional 4,610 shares in the last quarter.

Petco Health and Wellness Company Profile

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.