Petco Health and Wellness (NASDAQ:WOOF) Price Target Raised to $4.00 at UBS Group

Petco Health and Wellness (NASDAQ:WOOF) had its price target boosted by analysts at UBS Group from $3.50 to $4.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 18.38% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Jefferies Financial Group upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and lifted their target price for the stock from $4.05 to $5.00 in a research report on Thursday. Evercore lowered their price target on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a research report on Tuesday, February 3rd. Citigroup lifted their price objective on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Petco Health and Wellness in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.10.

Petco Health and Wellness Price Performance

WOOF traded down $0.24 during trading on Monday, reaching $3.38. 5,170,745 shares of the stock were exchanged, compared to its average volume of 2,638,063. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.38. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 112.63 and a beta of 1.75. Petco Health and Wellness has a 1 year low of $2.24 and a 1 year high of $4.51. The business’s 50 day moving average price is $2.72 and its two-hundred day moving average price is $3.10.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings results on Wednesday, March 11th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Petco Health and Wellness had a net margin of 0.15% and a return on equity of 0.89%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the business earned ($0.05) EPS. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Petco Health and Wellness will post -0.22 earnings per share for the current year.

Institutional Investors Weigh In On Petco Health and Wellness

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. raised its position in shares of Petco Health and Wellness by 12.8% in the second quarter. Sei Investments Co. now owns 26,055 shares of the company’s stock valued at $74,000 after buying an additional 2,951 shares during the last quarter. Bank of Nova Scotia grew its stake in Petco Health and Wellness by 27.8% in the 2nd quarter. Bank of Nova Scotia now owns 15,208 shares of the company’s stock worth $43,000 after acquiring an additional 3,308 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Petco Health and Wellness by 9.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 42,569 shares of the company’s stock worth $155,000 after purchasing an additional 3,531 shares during the period. Creative Planning lifted its stake in shares of Petco Health and Wellness by 11.0% during the 3rd quarter. Creative Planning now owns 40,826 shares of the company’s stock worth $158,000 after purchasing an additional 4,047 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Petco Health and Wellness by 17.6% during the second quarter. Cetera Investment Advisers now owns 28,419 shares of the company’s stock worth $80,000 after purchasing an additional 4,258 shares during the last quarter.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.