Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Stock Has Average Target Price of $3.42

Key Points

• Analysts maintain a “Hold” consensus on Petco Health and Wellness, with six hold ratings, one sell, one buy and one strong buy. The average 12-month price target is $3.42, above the stock’s $2.45 opening price.
• Recent analyst actions were mixed: Wall Street Zen upgraded the stock to “Buy,” while BNP Paribas Exane and UBS lowered their price targets; Robert W. Baird raised its target to $3.25 but kept a neutral rating.
• Petco reported quarterly EPS of $0.13, beating the $0.07 consensus estimate, while revenue of $1.49 billion matched expectations. Institutional investors including Dimensional Fund Advisors and Bank of America increased their positions.

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) has earned an average rating of "Hold" from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $3.42.

A number of analysts have recently issued reports on WOOF shares. Wall Street Zen upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Sunday, September 13th. Weiss Ratings raised Petco Health and Wellness from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday. Robert W. Baird boosted their price target on Petco Health and Wellness from $3.00 to $3.25 and gave the stock a "neutral" rating in a research report on Thursday, September 3rd. BNP Paribas Exane decreased their price target on Petco Health and Wellness from $2.34 to $2.11 and set an "underperform" rating for the company in a research note on Thursday, September 3rd. Finally, UBS Group lowered their price objective on Petco Health and Wellness from $4.00 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, September 3rd.

Institutional Investors Weigh In On Petco Health and Wellness

A number of large investors have recently added to or reduced their stakes in WOOF. Dimensional Fund Advisors LP raised its position in shares of Petco Health and Wellness by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 10,111,061 shares of the company's stock valued at $28,107,000 after purchasing an additional 655,567 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Petco Health and Wellness during the 1st quarter worth $3,883,000. Renaissance Technologies LLC bought a new stake in shares of Petco Health and Wellness during the 1st quarter worth $1,455,000. Bank of America Corp DE boosted its holdings in shares of Petco Health and Wellness by 6.7% during the 1st quarter. Bank of America Corp DE now owns 269,589 shares of the company's stock worth $749,000 after buying an additional 16,825 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Petco Health and Wellness in the 2nd quarter valued at $723,000.

Petco Health and Wellness Stock Performance

Petco Health and Wellness stock opened at $2.45 on Monday. The firm's 50 day simple moving average is $2.47 and its 200-day simple moving average is $2.65. The company has a market cap of $794.31 million, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.59. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.39. Petco Health and Wellness has a fifty-two week low of $2.14 and a fifty-two week high of $3.87.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.06. Petco Health and Wellness had a net margin of 0.51% and a return on equity of 3.44%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the business earned $0.05 earnings per share. As a group, equities research analysts predict that Petco Health and Wellness will post 0.10 EPS for the current year.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc is a U.S.-based pet health and wellness retailer operating under the Petco brand. The company serves pet owners through a combination of brick-and-mortar stores, digital commerce channels and service locations, offering products and services for dogs, cats, fish, birds, reptiles and other companion animals.

Petco's merchandise includes pet food, treats, toys, bedding, habitats, grooming supplies and other everyday care products. Its services include veterinary care, grooming, training, adoption support and other wellness offerings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.