Petco Health and Wellness (NASDAQ:WOOF) Stock Price Up 8.8% – Should You Buy?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s share price was up 8.8% during trading on Wednesday . The company traded as high as $4.36 and last traded at $4.33. Approximately 1,222,333 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 4,454,867 shares. The stock had previously closed at $3.98.

Analysts Set New Price Targets

Several analysts recently commented on WOOF shares. Royal Bank of Canada upped their target price on Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Wedbush upped their price objective on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the company an “outperform” rating in a research note on Friday, October 18th. Citigroup lifted their target price on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. The Goldman Sachs Group cut their price target on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Finally, Wells Fargo & Company lifted their price objective on Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.49.

Petco Health and Wellness Stock Up 8.0 %

The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average price of $4.57 and a 200 day moving average price of $3.72.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) earnings per share. On average, equities analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of Petco Health and Wellness

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. boosted its position in shares of Petco Health and Wellness by 1,212.7% during the second quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock valued at $6,863,000 after buying an additional 1,677,179 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Petco Health and Wellness by 15.8% during the 1st quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock worth $20,994,000 after acquiring an additional 1,254,554 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its stake in shares of Petco Health and Wellness by 50.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 833,153 shares of the company’s stock worth $3,149,000 after acquiring an additional 280,644 shares in the last quarter. Wedmont Private Capital purchased a new stake in shares of Petco Health and Wellness in the second quarter valued at about $81,000. Finally, Millennium Management LLC lifted its position in shares of Petco Health and Wellness by 233.7% during the second quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock valued at $10,127,000 after purchasing an additional 1,876,233 shares in the last quarter.

About Petco Health and Wellness

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.