Petco Health and Wellness' (WOOF) Underperform Rating Reiterated at Bank of America

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report)'s stock had its "underperform" rating reissued by equities research analysts at Bank of America in a research report issued on Tuesday, MarketBeat.com reports. They currently have a $1.50 price target on the stock, down from their previous price target of $5.00. Bank of America's target price would indicate a potential downside of 22.68% from the company's current price.

WOOF has been the subject of a number of other reports. Evercore ISI reduced their price objective on shares of Petco Health and Wellness from $4.00 to $3.00 and set an "in-line" rating for the company in a research note on Friday, March 15th. 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. UBS Group lowered their target price 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. Wells Fargo & Company lowered their target price on shares of Petco Health and Wellness from $3.00 to $2.00 and set an "equal weight" rating on the stock in a report on Monday, March 25th. Finally, Jefferies Financial Group assumed coverage on shares of Petco Health and Wellness in a research report on Tuesday, December 19th. They set a "hold" rating and a $3.11 price target on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Petco Health and Wellness presently has a consensus rating of "Hold" and a consensus price target of $3.65.

Petco Health and Wellness Stock Down 6.7 %

NASDAQ WOOF traded down $0.14 on Tuesday, reaching $1.94. The company had a trading volume of 4,530,539 shares, compared to its average volume of 4,260,646. The firm has a market capitalization of $594.18 million, a price-to-earnings ratio of -0.44 and a beta of 1.15. 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 1-year low of $1.86 and a 1-year high of $10.76. The company's fifty day moving average is $2.44 and its 200-day moving average is $3.07.

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

Institutional Trading of Petco Health and Wellness

Several institutional investors have recently modified their holdings of WOOF. MetLife Investment Management LLC bought a new stake in shares of Petco Health and Wellness in the first quarter worth $25,000. Deutsche Bank AG grew its stake in shares of Petco Health and Wellness by 607.8% in the fourth quarter. Deutsche Bank AG now owns 3,829 shares of the company's stock worth $36,000 after purchasing an additional 3,288 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Petco Health and Wellness by 61.9% in the first quarter. Advisory Services Network LLC now owns 4,065 shares of the company's stock worth $37,000 after purchasing an additional 1,554 shares during the last quarter. Oracle Alpha Inc. acquired a new position in Petco Health and Wellness in the fourth quarter valued at $39,000. Finally, Everhart Financial Group Inc. acquired a new position in Petco Health and Wellness in the fourth quarter valued at $41,000.

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.