Petco Health and Wellness (NASDAQ:WOOF) Shares Gap Up to $1.66

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $1.66, but opened at $1.71. Petco Health and Wellness shares last traded at $1.82, with a volume of 528,687 shares traded.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Bank of America reaffirmed an "underperform" rating and issued a $1.50 price target (down from $5.00) on shares of Petco Health and Wellness in a research note on Tuesday, April 2nd. Robert W. Baird decreased their price target on Petco Health and Wellness from $3.00 to $2.50 and set a "neutral" rating on the stock in a research note on Thursday, March 14th. UBS Group decreased their price target on Petco Health and Wellness from $3.00 to $2.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 20th. Citigroup decreased their price target on Petco Health and Wellness from $2.85 to $1.75 and set a "neutral" rating on the stock in a research note on Tuesday, May 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $5.00 target price on shares of Petco Health and Wellness in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $2.96.

Petco Health and Wellness Stock Performance

The business has a fifty day moving average of $1.91 and a 200 day moving average of $2.65. The company has a quick ratio of 0.24, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market cap of $550.19 million, a P/E ratio of -0.38 and a beta of 1.27.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share. On average, equities analysts predict that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current year.

Hedge Funds Weigh In On Petco Health and Wellness

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of Petco Health and Wellness by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 382,413 shares of the company's stock worth $1,564,000 after acquiring an additional 5,695 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Petco Health and Wellness by 117.9% in the third quarter. Orion Portfolio Solutions LLC now owns 22,318 shares of the company's stock worth $91,000 after acquiring an additional 12,076 shares during the last quarter. Duality Advisers LP purchased a new stake in shares of Petco Health and Wellness in the third quarter worth $1,487,000. Versor Investments LP grew its stake in shares of Petco Health and Wellness by 108.9% in the third quarter. Versor Investments LP now owns 98,759 shares of the company's stock worth $404,000 after acquiring an additional 51,474 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Petco Health and Wellness by 112.7% in the third quarter. Barclays PLC now owns 145,570 shares of the company's stock worth $594,000 after acquiring an additional 77,118 shares during 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.