Petco Health and Wellness (NASDAQ:WOOF) Stock Rating Upgraded by Wall Street Zen

Petco Health and Wellness (NASDAQ:WOOF) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other research firms have also recently commented on WOOF. Royal Bank Of Canada reissued an “outperform” rating and set a $4.00 target price on shares of Petco Health and Wellness in a research report on Wednesday. Morgan Stanley dropped their target price 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. Guggenheim restated a “neutral” rating on shares of Petco Health and Wellness in a research report on Tuesday. UBS Group increased their target price on shares of Petco Health and Wellness from $3.25 to $3.70 and gave the company a “neutral” rating in a research report on Friday, August 29th. Finally, Jefferies Financial Group raised their target price on shares of Petco Health and Wellness from $4.05 to $4.15 and gave the stock a “hold” rating in a report on Friday, August 29th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Petco Health and Wellness currently has an average rating of “Hold” and a consensus target price of $3.95.

Petco Health and Wellness Stock Performance

Shares of NASDAQ WOOF opened at $3.67 on Friday. Petco Health and Wellness has a 12 month low of $2.28 and a 12 month high of $6.29. The company has a 50-day simple moving average of $3.27 and a 200-day simple moving average of $3.07. The company has a market cap of $1.16 billion, a PE ratio of -36.70 and a beta of 1.74. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.31.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Thursday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Petco Health and Wellness had a negative net margin of 0.47% and a negative return on equity of 1.71%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm earned ($0.02) earnings per share. Petco Health and Wellness’s revenue was down 2.3% compared to the same quarter last year. On average, equities analysts anticipate that Petco Health and Wellness will post -0.22 earnings per share for the current year.

Institutional Investors Weigh In On Petco Health and Wellness

Institutional investors and hedge funds have recently made changes to their positions in the company. Brookwood Investment Group LLC acquired a new position in Petco Health and Wellness during the 2nd quarter worth about $28,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Petco Health and Wellness in the 1st quarter valued at about $31,000. Concurrent Investment Advisors LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd boosted its stake in Petco Health and Wellness by 747.9% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 11,090 shares of the company’s stock worth $31,000 after purchasing an additional 9,782 shares during the period. Finally, R Squared Ltd raised its holdings in shares of Petco Health and Wellness by 152.7% in the first quarter. R Squared Ltd now owns 10,670 shares of the company’s stock valued at $33,000 after purchasing an additional 6,447 shares during the last quarter.

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.