Petco Health and Wellness (NASDAQ:WOOF) Trading Up 8.1% – Should You Buy?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) rose 8.1% during mid-day trading on Wednesday . The company traded as high as $4.96 and last traded at $4.92. Approximately 850,334 shares changed hands during trading, a decline of 81% from the average daily volume of 4,551,048 shares. The stock had previously closed at $4.55.

Analysts Set New Price Targets

WOOF has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. The Goldman Sachs Group decreased their price objective on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Royal Bank of Canada raised their price objective on shares of Petco Health and Wellness from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Monday. Finally, Wedbush lifted their target price on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.16.

Petco Health and Wellness Trading Up 10.1 %

The firm has a market capitalization of $1.56 billion, a P/E ratio of -12.60 and a beta of 1.89. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The firm’s 50-day simple moving average is $4.61 and its 200-day simple moving average is $3.87.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. Petco Health and Wellness had a negative net margin of 1.77% and a negative return on equity of 5.40%. Petco Health and Wellness’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) earnings per share. Analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Holocene Advisors LP increased its stake in shares of Petco Health and Wellness by 8.7% in the third quarter. Holocene Advisors LP now owns 7,557,293 shares of the company’s stock worth $34,386,000 after buying an additional 602,602 shares during the period. AQR Capital Management LLC increased its stake in shares of Petco Health and Wellness by 82.1% in the second quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock worth $22,661,000 after buying an additional 2,953,667 shares during the period. Marshall Wace LLP increased its stake in shares of Petco Health and Wellness by 47.3% in the second quarter. Marshall Wace LLP now owns 3,401,248 shares of the company’s stock worth $12,857,000 after buying an additional 1,092,204 shares during the period. Millennium Management LLC increased its stake in shares of Petco Health and Wellness by 233.7% in the second quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock worth $10,127,000 after buying an additional 1,876,233 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Petco Health and Wellness by 9.2% in the third quarter. Geode Capital Management LLC now owns 2,212,292 shares of the company’s stock worth $10,068,000 after buying an additional 186,230 shares during the period.

Petco Health and Wellness Company Profile

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.