Petco Health and Wellness (NASDAQ:WOOF) Stock Price Up 14.3% – Time to Buy?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Free Report)’s stock price traded up 14.3% on Wednesday. The company traded as high as $3.03 and last traded at $3.0750. Approximately 3,643,205 shares traded hands during trading, an increase of 59% from the average daily volume of 2,295,265 shares. The stock had previously closed at $2.69.

Analyst Ratings Changes

A number of research firms recently commented on WOOF. Weiss Ratings upgraded shares of Petco Health and Wellness from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 22nd. BNP Paribas Exane cut their price target on shares of Petco Health and Wellness from $2.34 to $2.11 and set an “underperform” rating on the stock in a report on Thursday, September 3rd. Robert W. Baird boosted their price objective on shares of Petco Health and Wellness from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. UBS Group lowered their price objective on shares of Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday, September 3rd. Finally, Zacks Research lowered shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $3.42.

Check Out Our Latest Stock Analysis on WOOF

Petco Health and Wellness Stock Up 15.4%

The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.39. The stock has a market capitalization of $1.01 billion, a PE ratio of 31.15, a PEG ratio of 2.49 and a beta of 1.51. The company has a 50 day moving average price of $2.43 and a 200-day moving average price of $2.67.

Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Petco Health and Wellness had a return on equity of 3.44% and a net margin of 0.51%. During the same quarter last year, the firm posted $0.05 earnings per share. As a group, analysts forecast that Petco Health and Wellness Company, Inc. will post 0.10 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Petco Health and Wellness

Large investors have recently modified their holdings of the stock. Verus Capital Partners LLC bought a new position in Petco Health and Wellness in the third quarter worth about $31,000. HB Wealth Management LLC bought a new stake in Petco Health and Wellness during the 1st quarter valued at approximately $34,000. International Assets Investment Management LLC boosted its position in Petco Health and Wellness by 63.9% during the 1st quarter. International Assets Investment Management LLC now owns 12,825 shares of the company’s stock valued at $35,000 after acquiring an additional 5,000 shares in the last quarter. R Squared Ltd bought a new stake in Petco Health and Wellness during the 1st quarter valued at approximately $36,000. Finally, Amundi purchased a new position in shares of Petco Health and Wellness during the 1st quarter worth approximately $54,000.

About Petco Health and Wellness

(Get Free Report)

Petco Health and Wellness Company, Inc is a U.S.-based pet health and wellness retailer operating under the Petco brand. The company serves pet owners through a combination of brick-and-mortar stores, digital commerce channels and service locations, offering products and services for dogs, cats, fish, birds, reptiles and other companion animals.

Petco’s merchandise includes pet food, treats, toys, bedding, habitats, grooming supplies and other everyday care products. Its services include veterinary care, grooming, training, adoption support and other wellness offerings.

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