Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Stock Has Average Price Target of $3.42 According to Brokerages

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has received an average rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $3.42.

WOOF has been the topic of a number of recent analyst reports. Zacks Research raised shares of Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. BNP Paribas Exane decreased their price objective on shares of Petco Health and Wellness from $2.34 to $2.11 and set an “underperform” rating for the company in a research report on Thursday, September 3rd. UBS Group lowered their target price on shares of Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday, September 3rd. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Sunday, September 13th. Finally, Weiss Ratings upgraded Petco Health and Wellness from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 8th.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $2.22 on Thursday. Petco Health and Wellness has a one year low of $2.14 and a one year high of $3.88. The company has a market cap of $719.75 million, a PE ratio of 22.20, a P/E/G ratio of 2.01 and a beta of 1.59. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 0.90. The business has a 50-day simple moving average of $2.58 and a 200-day simple moving average of $2.68.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Wednesday, September 2nd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. Petco Health and Wellness had a net margin of 0.51% and a return on equity of 3.44%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the firm earned $0.05 earnings per share. On average, equities research analysts forecast that Petco Health and Wellness will post 0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WOOF. Rockefeller Capital Management L.P. raised its position in Petco Health and Wellness by 14.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company’s stock worth $66,000 after acquiring an additional 2,988 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Petco Health and Wellness by 63.9% during the 1st quarter. International Assets Investment Management LLC now owns 12,825 shares of the company’s stock worth $35,000 after purchasing an additional 5,000 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of Petco Health and Wellness during the 1st quarter worth $34,000. R Squared Ltd acquired a new position in shares of Petco Health and Wellness during the 1st quarter worth $36,000. Finally, Bank of America Corp DE grew its stake in shares of Petco Health and Wellness by 6.7% during the 1st quarter. Bank of America Corp DE now owns 269,589 shares of the company’s stock worth $749,000 after purchasing an additional 16,825 shares during the period.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc is a pet health and wellness retailer that provides products, services and advice for companion animals. The company sells pet food, treats, supplies, toys, habitats and other merchandise for dogs, cats, fish, birds, reptiles and small animals through its retail stores and e-commerce platforms.

In addition to merchandise, Petco offers a range of services designed to support pet care, including veterinary care, grooming, training, vaccinations, nutrition guidance and adoption services.