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

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

Analyst Ratings Changes

Several analysts have recently weighed in on WOOF shares. UBS Group lowered their target price on shares of Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. Weiss Ratings raised shares of Petco Health and Wellness from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 22nd. Robert W. Baird raised 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. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Sunday, September 13th. Finally, Zacks Research cut Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Petco Health and Wellness presently has an average rating of “Hold” and a consensus price target of $3.42.

Petco Health and Wellness Trading Down 0.7%

The company has a quick ratio of 0.39, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. The business has a fifty day simple moving average of $2.45 and a 200 day simple moving average of $2.67. The company has a market cap of $959.66 million, a price-to-earnings ratio of 29.60, a P/E/G ratio of 2.85 and a beta of 1.51.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Petco Health and Wellness had a net margin of 0.51% and a return on equity of 3.44%. During the same period in the prior year, the company posted $0.05 EPS. On average, equities analysts anticipate that Petco Health and Wellness Company, Inc. will post 0.10 EPS for the current fiscal year.

Institutional Investors Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in shares of Petco Health and Wellness during the 1st quarter worth $1,455,000. Hillsdale Investment Management Inc. acquired a new stake in Petco Health and Wellness during the 1st quarter worth about $3,883,000. Dimensional Fund Advisors LP boosted its stake in shares of Petco Health and Wellness by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,111,061 shares of the company’s stock valued at $28,107,000 after buying an additional 655,567 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Petco Health and Wellness during the second quarter worth $723,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Petco Health and Wellness during the first quarter valued at $527,000.

Petco Health and Wellness Company Profile

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.