Petco Health and Wellness (NASDAQ:WOOF) PT Lowered to $2.70 at Royal Bank of Canada

Petco Health and Wellness (NASDAQ:WOOF) had its target price decreased by Royal Bank of Canada from $3.50 to $2.70 in a research report sent to investors on Friday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other analysts have also recently weighed in on WOOF. Needham & Company LLC dropped their price objective on shares of Petco Health and Wellness from $8.00 to $5.00 and set a buy rating for the company in a research note on Wednesday, November 29th. Wedbush dropped their target price on shares of Petco Health and Wellness from $4.50 to $3.50 and set an outperform rating for the company in a report on Thursday, November 30th. The Goldman Sachs Group lowered their price objective on shares of Petco Health and Wellness from $7.00 to $5.00 and set a buy rating for the company in a research report on Thursday, November 30th. Jefferies Financial Group began coverage on shares of Petco Health and Wellness in a research note on Tuesday, December 19th. They issued a hold rating and a $3.11 price objective for the company. Finally, Morgan Stanley decreased their target price on shares of Petco Health and Wellness from $5.00 to $3.00 and set an equal weight rating on the stock in a research note on Monday, December 4th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $5.28.

Petco Health and Wellness Stock Down 4.7 %

Shares of NASDAQ:WOOF traded down $0.10 during trading on Friday, hitting $2.01. 4,294,293 shares of the company’s stock traded hands, compared to its average volume of 4,151,540. The company has a market cap of $615.62 million, a price-to-earnings ratio of -0.42 and a beta of 1.17. The company has a 50-day moving average price of $2.60 and a 200-day moving average price of $3.29. The company has a current ratio of 0.86, a quick ratio of 0.25 and a debt-to-equity ratio of 1.33. Petco Health and Wellness has a 52 week low of $1.97 and a 52 week high of $10.76.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. As a group, research analysts forecast that Petco Health and Wellness will post -0.13 EPS for the current fiscal year.

Institutional Trading of Petco Health and Wellness

A number of hedge funds have recently bought and sold shares of WOOF. Mackenzie Financial Corp bought a new stake in Petco Health and Wellness in the first quarter valued at approximately $128,843,000. Millennium Management LLC increased its stake in shares of Petco Health and Wellness by 2,109.0% during the fourth quarter. Millennium Management LLC now owns 4,305,037 shares of the company’s stock valued at $40,812,000 after buying an additional 4,110,147 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Petco Health and Wellness by 598.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,142,382 shares of the company’s stock valued at $27,966,000 after buying an additional 2,692,542 shares during the period. First Trust Advisors LP increased its stake in shares of Petco Health and Wellness by 261.4% during the fourth quarter. First Trust Advisors LP now owns 3,368,047 shares of the company’s stock valued at $10,643,000 after buying an additional 2,436,018 shares during the period. Finally, Intrinsic Edge Capital Management LLC purchased a new position in shares of Petco Health and Wellness during the second quarter valued at approximately $21,579,000. Institutional investors own 48.54% of the company’s stock.

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.