UBS Group Raises Petco Health and Wellness (NASDAQ:WOOF) Price Target to $3.25

Petco Health and Wellness (NASDAQ:WOOF) had its price target upped by UBS Group from $2.50 to $3.25 in a research note published on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently issued reports on the stock. Evercore ISI cut their target price 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. Needham & Company LLC restated a buy rating and set a $5.00 price objective on shares of Petco Health and Wellness in a research report on Thursday. Citigroup decreased their target price on Petco Health and Wellness from $2.85 to $1.75 and set a neutral rating on the stock in a research report on Tuesday, May 7th. Robert W. Baird reduced their price target on Petco Health and Wellness from $3.00 to $2.50 and set a neutral rating for the company in a research note on Thursday, March 14th. Finally, Royal Bank of Canada lowered their price objective on Petco Health and Wellness from $3.50 to $2.70 and set an outperform rating on the stock in a research report on Friday, March 15th. 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 company. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $3.09.

Petco Health and Wellness Trading Up 12.9 %

Petco Health and Wellness stock opened at $3.58 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.24 and a current ratio of 0.85. The stock has a 50-day simple moving average of $1.95 and a 200 day simple moving average of $2.60. The stock has a market capitalization of $1.10 billion, a P/E ratio of -0.73 and a beta of 1.27. Petco Health and Wellness has a 52 week low of $1.41 and a 52 week high of $9.74.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Petco Health and Wellness had a negative return on equity of 4.22% and a negative net margin of 21.27%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the company posted $0.17 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts expect that Petco Health and Wellness will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Petco Health and Wellness

Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Petco Health and Wellness by 1.5% during the 3rd 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 period. Orion Portfolio Solutions LLC lifted its stake in Petco Health and Wellness by 117.9% during the third quarter. Orion Portfolio Solutions LLC now owns 22,318 shares of the company’s stock worth $91,000 after purchasing an additional 12,076 shares during the last quarter. Versor Investments LP boosted its holdings in shares of Petco Health and Wellness by 108.9% in the 3rd quarter. Versor Investments LP now owns 98,759 shares of the company’s stock valued at $404,000 after purchasing an additional 51,474 shares in the last quarter. Barclays PLC increased its stake in shares of Petco Health and Wellness by 112.7% in the 3rd quarter. Barclays PLC now owns 145,570 shares of the company’s stock valued at $594,000 after purchasing an additional 77,118 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of Petco Health and Wellness by 2,727.7% during the 3rd quarter. Quantbot Technologies LP now owns 287,884 shares of the company’s stock worth $1,177,000 after buying an additional 277,703 shares in 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.