Petco Health and Wellness (NASDAQ:WOOF) Stock Price Up 8.8% – What’s Next?

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) rose 8.8% during mid-day trading on Wednesday . The stock traded as high as $4.36 and last traded at $4.33. Approximately 1,222,333 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 4,454,867 shares. The stock had previously closed at $3.98.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WOOF shares. Citigroup raised their price objective on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Royal Bank of Canada raised their price target on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. The Goldman Sachs Group cut 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 research report on Thursday, September 12th. Wells Fargo & Company increased their price objective on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Finally, Wedbush boosted their target price on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the company an “outperform” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $3.49.

Petco Health and Wellness Trading Up 8.0 %

The business’s 50-day simple moving average is $4.57 and its two-hundred day simple moving average is $3.72. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24.

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 the consensus estimate of ($0.02). Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the business posted ($0.01) EPS. Petco Health and Wellness’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WOOF. Point72 Asia Singapore Pte. Ltd. boosted its position in Petco Health and Wellness by 253.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock worth $51,000 after buying an additional 8,056 shares during the period. Caprock Group LLC acquired a new position in shares of Petco Health and Wellness during the second quarter worth $44,000. Choreo LLC bought a new stake in shares of Petco Health and Wellness in the second quarter worth $45,000. Quadrature Capital Ltd acquired a new stake in Petco Health and Wellness in the third quarter valued at $58,000. Finally, Frank Rimerman Advisors LLC bought a new position in Petco Health and Wellness during the 2nd quarter worth $50,000.

About Petco Health and Wellness

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.