Posted by admin on Apr 14th, 2022 
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) had its price target upped by equities research analysts at Citigroup from $26.00 to $28.00 in a report issued on Thursday, The Fly reports. Citigroup’s target price would indicate a potential upside of 30.84% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Needham & Company LLC started coverage on Petco Health and Wellness in a research report on Thursday, December 16th. They set a “buy” rating and a $30.00 price target on the stock. Zacks Investment Research downgraded Petco Health and Wellness from a “buy” rating to a “hold” rating in a report on Tuesday, February 8th. Wells Fargo & Company reaffirmed a “buy” rating and issued a $30.00 target price on shares of Petco Health and Wellness in a report on Thursday, March 24th. Wedbush raised their target price on Petco Health and Wellness from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 29th. Finally, StockNews.com began coverage on Petco Health and Wellness in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $24.82.
NASDAQ:WOOF opened at $21.40 on Thursday. Petco Health and Wellness has a 12-month low of $16.22 and a 12-month high of $28.73. The stock’s 50 day moving average price is $19.17 and its two-hundred day moving average price is $20.28. The company has a quick ratio of 0.38, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 34.52, a P/E/G ratio of 0.48 and a beta of 1.60.
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last issued its quarterly earnings results on Tuesday, March 8th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Petco Health and Wellness had a return on equity of 9.49% and a net margin of 2.83%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 earnings per share. Equities research analysts expect that Petco Health and Wellness will post 0.89 EPS for the current year.
A number of large investors have recently made changes to their positions in WOOF. Allspring Global Investments Holdings LLC bought a new position in Petco Health and Wellness during the 4th quarter worth $136,359,000. Norges Bank bought a new position in Petco Health and Wellness during the 4th quarter worth $44,989,000. BlackRock Inc. raised its position in Petco Health and Wellness by 46.1% during the 4th quarter. BlackRock Inc. now owns 3,642,989 shares of the company’s stock worth $72,095,000 after purchasing an additional 1,148,949 shares during the last quarter. Wellington Management Group LLP bought a new position in Petco Health and Wellness during the 3rd quarter worth $20,910,000. Finally, Bamco Inc. NY grew its holdings in Petco Health and Wellness by 156.7% during the 3rd quarter. Bamco Inc. NY now owns 1,412,047 shares of the company’s stock worth $29,794,000 after acquiring an additional 862,047 shares during the period. 65.22% of the stock is owned by institutional investors and hedge funds.
About Petco Health and Wellness (Get Rating)
Petco Health and Wellness Company, Inc operates as a retailer of premium pet consumables, supplies, and companion animals and services. The company also offers grooming, in-store and online training, tele-veterinarian, and pet health insurance services, as well as veterinary services through Vetco clinics.
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