Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives Consensus Recommendation of "Hold" from Analysts

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) has been given a consensus recommendation of "Hold" by the eight research firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $3.75.

A number of research analysts have commented on WOOF shares. Royal Bank Of Canada decreased their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. The Goldman Sachs Group increased their target price on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a report on Thursday, March 27th. Wedbush reduced their target price on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Robert W. Baird reduced their target price on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, UBS Group reduced their target price on Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating on the stock in a report on Thursday, March 27th.

Petco Health and Wellness Trading Up 1.0%

Shares of Petco Health and Wellness stock opened at $3.11 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.85 and a debt-to-equity ratio of 1.43. The stock has a market cap of $980.05 million, a P/E ratio of -12.96 and a beta of 1.71. Petco Health and Wellness has a 12-month low of $2.23 and a 12-month high of $6.29. The business's 50 day moving average is $3.09 and its 200-day moving average is $3.17.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). The business 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 4.29% and a negative net margin of 1.10%. The firm's revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) earnings per share. Equities research analysts predict that Petco Health and Wellness will post -0.22 earnings per share for the current fiscal year.

Institutional Trading of Petco Health and Wellness

Several institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its position in shares of Petco Health and Wellness by 40.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company's stock worth $60,000 after buying an additional 4,526 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Petco Health and Wellness by 41.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company's stock worth $60,000 after buying an additional 4,610 shares during the last quarter. Swiss National Bank lifted its position in shares of Petco Health and Wellness by 2.6% during the 4th quarter. Swiss National Bank now owns 186,100 shares of the company's stock worth $709,000 after buying an additional 4,800 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Petco Health and Wellness by 0.5% during the 4th quarter. Renaissance Technologies LLC now owns 990,700 shares of the company's stock worth $3,775,000 after buying an additional 5,100 shares during the last quarter. Finally, Sei Investments Co. raised its position in Petco Health and Wellness by 54.7% in the fourth quarter. Sei Investments Co. now owns 18,009 shares of the company's stock valued at $69,000 after purchasing an additional 6,371 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.