Bank of America reiterated its underperform rating on the company’s stock. Petco Health and Wellness (NASDAQ:WOOF – Free Report) MarketBeat reported this in a research note issued to investors on Tuesday. Bank of America currently has a price target of $1.50, down from its previous price target of $5.00.
Other analysts have also recently released research reports on the company. Wells Fargo & Company lowered their target price on Petco Health & Wellness from $3.00 to $2.00 and set a weight rating for the stock in a research report on Monday, March 25th. UBS Group lowered their target price on Petco Health & Wellness from $3.00 to $2.50 and set a neutral rating on the stock in a research report on Wednesday, March 20th. Evercore ISI lowered their target price on Petco Health & Wellness from $4.00 to $3.00 and set an inline rating for the stock in a research report on Friday, March 15th. Royal Bank of Canada lowered their target price 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. Finally, Needham & Company LLC restated a buy rating and set a $5.00 price objective on shares of Petco Health & Wellness in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, nine have rated it with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Petco Health & Wellness has an average rating of Hold and a consensus price target of $3.65.
Check out the latest stock report on Petco Health and Wellness.
Petco Health & Wellness trades down 6.7%
NASDAQ:WOOF opened at $1.94 on Tuesday. The company has a market capitalization of $594.18 million, a P/E ratio of -0.41 and a beta of 1.15. The stock’s 50-day moving average price is $2.42 and its 200-day moving average price is $3.05. Petco Health & Wellness has a 12-month low of $1.86 and a 12-month high of $10.76. The company’s current ratio is 0.86 times, quick ratio is 0.24 times, and debt-to-equity ratio is 1.33 times.
Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. His EPS for the same business in the same period last year was $0.17. Petco Health and Wellness’ revenue for the quarter increased 6.1% year-over-year. Sell-side analysts expect that Petco Health and Wellness will post -0.23 earnings per share for the current fiscal year.
Institutional investors take note of Petco’s health and wellness
A number of institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased his holdings in shares of Petco Health and Wellness by 73.4% in the 3rd quarter. AQR Capital Management LLC now owns 5,225,206 shares of the company’s stock valued at $21,084,000 after acquiring an additional 2,210,988 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of His Petco Health and Wellness during the 3rd quarter valued at approximately $1,574,000. Graham Capital Management LP bought a new stake in shares of Petco Health and Wellness during the 3rd quarter valued at approximately $436,000. FMR LLC increased its stake in shares of Petco Health and Wellness by 216.2% in the 3rd quarter. FMR LLC now owns 604,446 shares of the company’s stock valued at $2,472,000 after acquiring an additional 413,295 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of Petco Health and Wellness during the 2nd quarter valued at approximately $21,579,000.
About Petco Health and Wellness
(Get Free Report)
Petco Health and Wellness Company, Inc operates as a health and wellness company focused on improving the lives of pets, pet parents, and Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care services through Vetco Mobile His Clinics, in addition to veterinary care, grooming, training, telemedicine, vital care and pet health insurance services.
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