Analysts’ Recent Ratings Updates for Petco Health and Wellness (WOOF)

A number of research firms have changed their ratings and price targets for Petco Health and Wellness (NASDAQ: WOOF):

• 12/9/2024 – Petco Health and Wellness was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/6/2024 – Petco Health and Wellness had its price target raised by analysts at Wedbush from $5.50 to $6.00. They now have an “outperform” rating on the stock.
• 12/6/2024 – Petco Health and Wellness had its price target raised by analysts at Royal Bank of Canada from $5.00 to $6.00. They now have an “outperform” rating on the stock.
• 12/6/2024 – Petco Health and Wellness had its price target raised by analysts at Morgan Stanley from $3.00 to $6.00. They now have an “equal weight” rating on the stock.
• 12/6/2024 – Petco Health and Wellness had its price target raised by analysts at Wells Fargo & Company from $3.00 to $5.00. They now have an “equal weight” rating on the stock.
• 10/18/2024 – Petco Health and Wellness had its price target raised by analysts at Wedbush from $5.00 to $5.50. They now have an “outperform” rating on the stock.

Petco Health and Wellness Stock Up 10.8 %

NASDAQ WOOF traded up $0.49 on Wednesday, hitting $5.04. 2,751,689 shares of the company were exchanged, compared to its average volume of 4,559,102. The company has a market cap of $1.57 billion, a PE ratio of -12.60 and a beta of 1.89. Petco Health and Wellness Company, Inc. has a 12 month low of $1.41 and a 12 month high of $6.29. The stock has a fifty day moving average of $4.61 and a 200-day moving average of $3.87. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40.

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, meeting analysts’ consensus estimates of ($0.02). Petco Health and Wellness had a negative net margin of 1.77% and a negative return on equity of 5.40%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. As a group, analysts forecast that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current year.

Institutional Trading of Petco Health and Wellness

A number of hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its position in Petco Health and Wellness by 12.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,290 shares of the company’s stock worth $104,000 after buying an additional 4,836 shares during the last quarter. CWM LLC increased its position in Petco Health and Wellness by 931.0% in the second quarter. CWM LLC now owns 99,185 shares of the company’s stock worth $375,000 after buying an additional 89,565 shares during the last quarter. SG Americas Securities LLC increased its position in Petco Health and Wellness by 0.4% in the second quarter. SG Americas Securities LLC now owns 1,070,559 shares of the company’s stock worth $4,047,000 after buying an additional 4,052 shares during the last quarter. Wedmont Private Capital purchased a new stake in Petco Health and Wellness in the second quarter worth $81,000. Finally, Diversified Trust Co purchased a new stake in Petco Health and Wellness in the second quarter worth $79,000.

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.