Petco Health and Wellness (NASDAQ: WOOF – Get a rating) saw its target price lowered by Wedbush from $25.00 to $18.00 in a research report released Tuesday to clients and investors, Fly reports. The company currently has an “outperform” rating on the stock. Wedbush’s price target would suggest a potential upside of 25.52% from the company’s previous close.
WOOF has been the subject of a number of other reports. Citigroup lowered its price target on Petco Health and Wellness from $26.00 to $20.00 and set a “buy” rating on the stock in a Wednesday, May 25 research note. StockNews.com downgraded Petco Health and Wellness from a “buy” rating to a “hold” rating in a Thursday, May 26, report. Morgan Stanley assumed coverage for Petco Health and Wellness in a Monday, May 16, report. They issued an “equal weight” rating and a target price of $21.00 for the company. Goldman Sachs Group cut its price target on Petco Health and Wellness from $23.00 to $21.00 and set a “buy” rating for the company in a Monday, June 27 report. Finally, UBS Group lowered its price target on Petco Health and Wellness to $17.00 in a Wednesday May 25 research note. Four investment analysts gave the stock a hold rating and eight gave the stock a buy rating. According to data from MarketBeat, Petco Health and Wellness currently has a consensus rating of “Moderate Buy” and an average price target of $23.20.
Petco Health and Wellness is trading down 2.6%
Shares of FRAME opened at $14.34 on Tuesday. Petco Health and Wellness has a 52-week minimum of $13.71 and a 52-week maximum of $26.21. The company’s 50-day moving average is $15.64 and its 200-day moving average is $17.99. The company has a debt ratio of 0.72, a quick ratio of 0.36 and a current ratio of 1.04. The company has a market capitalization of $3.26 billion, a price/earnings ratio of 21.09, a PEG ratio of 1.57 and a beta of 0.97.
Petco Health and Wellness (NASDAQ: WOOF – Get a rating) last released its quarterly earnings data on Tuesday, May 24. The company reported earnings per share of $0.14 for the quarter, beating the consensus estimate of $0.12 by $0.02. Petco Health and Wellness recorded a return on equity of 8.93% and a net margin of 3.09%. The company posted revenue of $1.48 billion for the quarter, versus a consensus estimate of $1.45 billion. In the same quarter last year, the company posted EPS of $0.17. Petco Health and Wellness revenue for the quarter increased 4.3% year over year. Equity analysts expect Petco Health and Wellness to post an EPS of 0.86 for the current fiscal year.
Insider Activity at Petco Health and Wellness
Separately, insider Justin Tichy sold 6,500 shares in a trade on Thursday, July 7. 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, valued at $1,229,955.08. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. 0.55% of the shares are held by insiders.
Institutional entries and exits
A number of institutional investors and hedge funds have recently changed their holdings to WOOF. Strs Ohio bought a new stake in shares of Petco Health and Wellness during the second quarter worth approximately $884,000. Granite Investment Partners LLC increased its holdings of Petco Health and Wellness shares by 6.2% during the second quarter. Granite Investment Partners LLC now owns 251,413 shares of the company worth $3,706,000 after purchasing an additional 14,664 shares during the period. Belvedere Trading LLC increased its holdings of Petco Health and Wellness shares by 191.5% during the second quarter. Belvedere Trading LLC now owns 12,242 shares of the company worth $178,000 after purchasing an additional 8,042 shares during the period. River Road Asset Management LLC purchased a new stake in shares of Petco Health and Wellness during the second quarter valued at approximately $4,075,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Petco Health and Wellness during the second quarter worth approximately $158,000. 62.52% of the shares are held by institutional investors.
Company Profile Petco Health and Wellness
Petco Health and Wellness Company, Inc., a health and wellness company, is focused on improving the lives of pets, pet parents and its Petco Partners. The company provides veterinary care, grooming, training, telehealth, vital care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.
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