Petco Health and Wellness (NASDAQ:WOOF) PT Lowered to $22.00 – Defense World

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Posted by on Aug 14th, 2022
Petco Health and Wellness (NASDAQ:WOOFGet Rating) had its price target cut by equities researchers at Wells Fargo & Company from $27.00 to $22.00 in a report issued on Friday, The Fly reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 39.42% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Robert W. Baird cut their price objective on shares of Petco Health and Wellness from $25.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 24th. The Goldman Sachs Group dropped their price target on shares of Petco Health and Wellness from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, June 27th. Wedbush dropped their price target on shares of Petco Health and Wellness from $25.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 26th. 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 dropped their price target on shares of Petco Health and Wellness to $17.00 in a research report on Wednesday, May 25th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.40.
Shares of NASDAQ WOOF opened at $15.78 on Friday. Petco Health and Wellness has a fifty-two week low of $12.88 and a fifty-two week high of $26.21. The firm’s 50-day simple moving average is $15.21 and its 200 day simple moving average is $17.64. The company has a quick ratio of 0.36, a current ratio of 1.04 and a debt-to-equity ratio of 0.72. The stock has a market cap of $3.59 billion, a P/E ratio of 23.21, a P/E/G ratio of 1.79 and a beta of 0.75.

Petco Health and Wellness (NASDAQ:WOOFGet Rating) last issued its quarterly earnings data on Tuesday, May 24th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Petco Health and Wellness had a net margin of 3.09% and a return on equity of 8.93%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the business earned $0.17 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. Equities analysts expect that Petco Health and Wellness will post 0.82 EPS for the current year.
In related news, insider Justin Tichy sold 6,500 shares of Petco Health and Wellness stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $15.74, for a total value of $102,310.00. Following the transaction, the insider now owns 78,142 shares of the company’s stock, valued at approximately $1,229,955.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the business. M&T Bank Corp grew its stake in Petco Health and Wellness by 5.4% during the 2nd quarter. M&T Bank Corp now owns 15,017 shares of the company’s stock valued at $213,000 after acquiring an additional 773 shares in the last quarter. Bailard Inc. grew its stake in Petco Health and Wellness by 8.3% during the 2nd quarter. Bailard Inc. now owns 11,800 shares of the company’s stock valued at $174,000 after acquiring an additional 900 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Petco Health and Wellness by 5.6% during the 1st quarter. Teacher Retirement System of Texas now owns 18,502 shares of the company’s stock valued at $362,000 after acquiring an additional 984 shares in the last quarter. Samalin Investment Counsel LLC grew its stake in Petco Health and Wellness by 100.0% during the 4th quarter. Samalin Investment Counsel LLC now owns 2,000 shares of the company’s stock valued at $40,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Assetmark Inc. grew its stake in Petco Health and Wellness by 144.8% during the 2nd quarter. Assetmark Inc. now owns 1,863 shares of the company’s stock valued at $27,000 after acquiring an additional 1,102 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.
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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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