Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) PT at $3.75

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOFGet Free Report) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $3.75.

A number of equities research analysts have recently commented on the stock. Morgan Stanley dropped their price objective on shares of Petco Health and Wellness from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research note on Friday, June 6th. Wedbush dropped their price objective on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday, March 27th. Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Wells Fargo & Company raised their price objective on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “equal weight” rating in a research note on Friday, June 6th. Finally, UBS Group dropped their price objective on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a research note on Thursday, March 27th.

View Our Latest Stock Report on Petco Health and Wellness

Insider Activity at Petco Health and Wellness

In related news, CEO Joel D. Anderson purchased 849,541 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average price of $3.03 per share, with a total value of $2,574,109.23. Following the purchase, the chief executive officer now owns 853,304 shares of the company’s stock, valued at $2,585,511.12. The trade was a 22,576.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Petco Health and Wellness

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd acquired a new stake in Petco Health and Wellness during the 4th quarter worth $25,000. Focus Partners Advisor Solutions LLC acquired a new stake in Petco Health and Wellness during the 1st quarter worth $31,000. R Squared Ltd boosted its stake in Petco Health and Wellness by 152.7% during the 1st quarter. R Squared Ltd now owns 10,670 shares of the company’s stock worth $33,000 after purchasing an additional 6,447 shares during the last quarter. Scotia Capital Inc. acquired a new stake in Petco Health and Wellness during the 4th quarter worth $41,000. Finally, Blueprint Investment Partners LLC acquired a new stake in Petco Health and Wellness during the 4th quarter worth $44,000.

Petco Health and Wellness Stock Performance

WOOF opened at $2.47 on Friday. The firm has a market capitalization of $778.36 million, a PE ratio of -6.18 and a beta of 1.81. Petco Health and Wellness has a 12-month low of $2.23 and a 12-month high of $6.29. The firm has a 50 day moving average of $3.22 and a two-hundred day moving average of $3.37. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40.

Petco Health and Wellness (NASDAQ:WOOFGet Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Petco Health and Wellness had a negative return on equity of 5.40% and a negative net margin of 1.77%. Petco Health and Wellness’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 business earned ($0.04) EPS. On average, analysts anticipate that Petco Health and Wellness will post -0.22 EPS for the current year.

About Petco Health and Wellness

(Get Free Report

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.

Further Reading

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

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