Petco Health and Wellness (NASDAQ:WOOF) PT Lowered to $21.00 - MarketBeat

Petco Health and Wellness (NASDAQ:WOOF) PT Lowered to $21.00 – MarketBeat

July 2, 2022
12:38 pm

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Petco Health and Wellness (NASDAQ:WOOF – Get Rating) had its price objective reduced by The Goldman Sachs Group from $23.00 to $21.00 in a note issued to investors on Monday, The Fly reports. The Goldman Sachs Group’s target price would indicate a potential upside of 23.02% from the company’s previous close.
Several other research analysts have also issued reports on the stock. Wedbush increased their price target on shares of Petco Health and Wellness from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 29th. Wells Fargo & Company reissued a “buy” rating and issued a $30.00 price objective on shares of Petco Health and Wellness in a report on Thursday, March 24th. Robert W. Baird lowered their price target on shares of Petco Health and Wellness from $25.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, May 24th. StockNews.com cut shares of Petco Health and Wellness from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. Finally, UBS Group reduced their price target on shares of Petco Health and Wellness to $17.00 in a research report on Wednesday, May 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.58.
WOOF opened at $17.07 on Monday. The company has a market cap of $3.89 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. The company has a fifty day moving average price of $17.80 and a two-hundred day moving average price of $18.64. Petco Health and Wellness has a 1-year low of $13.71 and a 1-year high of $26.21. The company has a current ratio of 1.04, a quick ratio of 0.36 and a debt-to-equity ratio of 0.72.
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last released its earnings results on Tuesday, May 24th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Petco Health and Wellness had a net margin of 3.09% and a return on equity of 8.93%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 earnings per share. On average, research analysts forecast that Petco Health and Wellness will post 0.87 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC increased its stake in Petco Health and Wellness by 17.7% in the first quarter. Neuberger Berman Group LLC now owns 3,614,597 shares of the company’s stock valued at $70,738,000 after purchasing an additional 543,389 shares during the last quarter. Gabelli Funds LLC increased its stake in Petco Health and Wellness by 33.3% during the first quarter. Gabelli Funds LLC now owns 20,000 shares of the company’s stock worth $391,000 after acquiring an additional 5,000 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Petco Health and Wellness by 187.0% during the first quarter. Advisors Asset Management Inc. now owns 16,750 shares of the company’s stock worth $328,000 after acquiring an additional 10,914 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in Petco Health and Wellness by 58.5% during the first quarter. Alyeska Investment Group L.P. now owns 231,737 shares of the company’s stock worth $4,535,000 after acquiring an additional 85,551 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Petco Health and Wellness during the first quarter worth about $154,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.
About Petco Health and Wellness (Get Rating)
Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. 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.
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