Wells Fargo & Company Boosts Petco Health and Wellness (NASDAQ:WOOF) Price Target to $3.00

Petco Health and Wellness (NASDAQ:WOOF) had its price objective increased by Wells Fargo & Company from $2.75 to $3.00 in a report released on Wednesday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also weighed in on WOOF. UBS Group boosted their price objective on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the stock a neutral rating in a report on Thursday, May 23rd. Wedbush restated an outperform rating and issued a $5.00 price target on shares of Petco Health and Wellness in a research note on Wednesday. Royal Bank of Canada increased their price objective on Petco Health and Wellness from $3.00 to $3.50 and gave the company an outperform rating in a research report on Wednesday. Citigroup boosted their target price on Petco Health and Wellness from $3.00 to $4.00 and gave the stock a neutral rating in a research report on Friday, July 19th. Finally, Needham & Company LLC restated a buy rating and set a $5.00 target price on shares of Petco Health and Wellness in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Petco Health and Wellness presently has a consensus rating of Hold and a consensus price target of $3.45.

Petco Health and Wellness Price Performance

Shares of NASDAQ:WOOF opened at $4.58 on Wednesday. The business has a fifty day moving average price of $3.13 and a 200-day moving average price of $2.76. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.21. The company has a market capitalization of $1.42 billion, a PE ratio of -0.93 and a beta of 1.88. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $4.99.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. Petco Health and Wellness’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS. As a group, equities analysts expect that Petco Health and Wellness will post -0.24 EPS for the current fiscal year.

Institutional Trading of Petco Health and Wellness

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Petco Health and Wellness by 15.8% during the first quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock valued at $20,994,000 after purchasing an additional 1,254,554 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Petco Health and Wellness during the first quarter valued at about $1,260,000. Norden Group LLC purchased a new position in shares of Petco Health and Wellness in the first quarter valued at about $309,000. Russell Investments Group Ltd. bought a new position in shares of Petco Health and Wellness in the first quarter worth about $588,000. Finally, Wedmont Private Capital purchased a new stake in shares of Petco Health and Wellness during the second quarter worth about $81,000.

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.