Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Average Rating of "Hold" by Brokerages

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) has received a consensus rating of "Hold" from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $2.96.

A number of analysts have recently weighed in on the stock. UBS Group lowered their price target 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 Wednesday, March 20th. Citigroup lowered their price target on shares of Petco Health and Wellness from $2.85 to $1.75 and set a "neutral" rating on the stock in a report on Tuesday. Needham & Company LLC restated a "buy" rating and issued a $5.00 price target on shares of Petco Health and Wellness in a report on Wednesday, March 13th. Royal Bank of Canada lowered their price target 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. Finally, Robert W. Baird lowered their price target 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.

Hedge Funds Weigh In On Petco Health and Wellness

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC raised its position in Petco Health and Wellness by 73.4% during the 3rd quarter. AQR Capital Management LLC now owns 5,225,206 shares of the company's stock worth $21,084,000 after buying an additional 2,210,988 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Petco Health and Wellness during the 3rd quarter worth approximately $1,574,000. Vanguard Group Inc. raised its position in Petco Health and Wellness by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 7,717,125 shares of the company's stock worth $31,563,000 after buying an additional 227,704 shares during the last quarter. Graham Capital Management L.P. purchased a new position in Petco Health and Wellness during the 3rd quarter worth approximately $436,000. Finally, FMR LLC raised its position in Petco Health and Wellness by 216.2% during the 3rd quarter. FMR LLC now owns 604,446 shares of the company's stock worth $2,472,000 after buying an additional 413,295 shares during the last quarter.

Petco Health and Wellness Stock Up 4.1 %

Petco Health and Wellness stock traded up $0.07 during midday trading on Thursday, hitting $1.76. 2,784,230 shares of the company's stock were exchanged, compared to its average volume of 3,844,662. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.24 and a current ratio of 0.86. Petco Health and Wellness has a 12 month low of $1.41 and a 12 month high of $10.76. The firm has a 50-day moving average of $1.97 and a two-hundred day moving average of $2.69. The company has a market cap of $540.97 million, a PE ratio of -0.36 and a beta of 1.27.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last issued its earnings results on Wednesday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Petco Health and Wellness had a negative net margin of 20.47% and a negative return on equity of 2.20%. The company had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.63 billion. During the same period in the prior year, the business earned $0.17 EPS. The firm's quarterly revenue was up 6.1% on a year-over-year basis. As a group, analysts expect 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.