Petco Health and Wellness (NASDAQ:WOOF) PT Lowered to $3.00 at Evercore ISI

Petco Health and Wellness (NASDAQ:WOOF) had its price objective cut by Evercore ISI from $4.00 to $3.00 in a report issued on Friday morning, Benzinga reports. They currently have an in-line rating on the stock.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group began coverage on shares of Petco Health and Wellness in a research note on Tuesday, December 19th. They set a hold rating and a $3.11 price objective on the stock. Robert W. Baird downgraded shares of Petco Health and Wellness from an outperform rating to a neutral rating and reduced their price objective for the company from $8.00 to $3.00 in a research note on Thursday, November 30th. Wedbush cut their price target on shares of Petco Health and Wellness from $4.50 to $3.50 and set an outperform rating on the stock in a research note on Thursday, November 30th. The Goldman Sachs Group cut their price target on shares of Petco Health and Wellness from $7.00 to $5.00 and set a buy rating on the stock in a research note on Thursday, November 30th. Finally, Morgan Stanley cut 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $5.28.

Petco Health and Wellness Stock Down 4.7 %

Shares of WOOF stock traded down $0.10 on Friday, reaching $2.01. 4,294,293 shares of the stock were exchanged, compared to its average volume of 4,151,540. The business’s 50 day moving average price is $2.60 and its 200 day moving average price is $3.29. Petco Health and Wellness has a twelve month low of $1.97 and a twelve month high of $10.76. The company has a current ratio of 0.86, a quick ratio of 0.25 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $615.62 million, a price-to-earnings ratio of -0.42 and a beta of 1.17.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Wednesday, March 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.63 billion. Petco Health and Wellness had a negative net margin of 20.47% and a negative return on equity of 2.20%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 earnings per share. As a group, sell-side analysts expect that Petco Health and Wellness will post -0.13 earnings per share 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. Vanguard Group Inc. raised its stake in shares of Petco Health and Wellness by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 7,953,510 shares of the company’s stock valued at $25,133,000 after buying an additional 236,385 shares in the last quarter. Virtu Financial LLC lifted its holdings in Petco Health and Wellness by 120.7% during the 4th quarter. Virtu Financial LLC now owns 108,079 shares of the company’s stock valued at $342,000 after purchasing an additional 59,118 shares during the last quarter. Barclays PLC raised its stake in shares of Petco Health and Wellness by 145.2% in the fourth quarter. Barclays PLC now owns 356,999 shares of the company’s stock worth $1,128,000 after acquiring an additional 211,429 shares during the last quarter. Vident Advisory LLC bought a new position in shares of Petco Health and Wellness in the fourth quarter worth about $64,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Petco Health and Wellness in the fourth quarter worth about $328,000. 48.54% of the stock is owned by institutional investors.

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.