Robert W. Baird Cuts Petco Health and Wellness (NASDAQ:WOOF) Price Target to $2.50

Petco Health and Wellness (NASDAQ:WOOF) had its price objective trimmed by Robert W. Baird from $3.00 to $2.50 in a research note published on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts also recently weighed in on WOOF. Morgan Stanley reduced their price target on Petco Health and Wellness from $5.00 to $3.00 and set an equal weight rating on the stock in a report on Monday, December 4th. Wells Fargo & Company downgraded Petco Health and Wellness from an overweight rating to an equal weight rating in a report on Wednesday, November 29th. The Goldman Sachs Group reduced their price target on Petco Health and Wellness from $7.00 to $5.00 and set a buy rating on the stock in a report on Thursday, November 30th. Royal Bank of Canada dropped their price objective on Petco Health and Wellness from $3.50 to $2.70 and set an outperform rating on the stock in a research note on Friday. Finally, Needham & Company LLC dropped their price objective on Petco Health and Wellness from $8.00 to $5.00 and set a buy rating on the stock in a research note on Wednesday, November 29th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $5.28.

Petco Health and Wellness Trading Down 4.7 %

WOOF stock traded down $0.10 during midday trading on Thursday, reaching $2.01. 4,294,293 shares of the company traded hands, compared to its average volume of 4,151,540. Petco Health and Wellness has a 52-week low of $1.97 and a 52-week high of $10.76. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.25 and a current ratio of 0.86. The business has a 50 day moving average of $2.60 and a 200-day moving average of $3.29. The firm has a market capitalization of $615.62 million, a price-to-earnings ratio of -0.42 and a beta of 1.17.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the business posted $0.17 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts expect that Petco Health and Wellness will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of Petco Health and Wellness

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MetLife Investment Management LLC bought a new stake in Petco Health and Wellness during the 1st quarter valued at $25,000. Gabelli Funds LLC boosted its position in shares of Petco Health and Wellness by 5.4% in the 2nd quarter. Gabelli Funds LLC now owns 29,500 shares of the company’s stock worth $263,000 after purchasing an additional 1,500 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Petco Health and Wellness by 61.9% in the 1st quarter. Advisory Services Network LLC now owns 4,065 shares of the company’s stock worth $37,000 after purchasing an additional 1,554 shares in the last quarter. Brinker Capital Investments LLC boosted its position in shares of Petco Health and Wellness by 4.5% in the 1st quarter. Brinker Capital Investments LLC now owns 39,780 shares of the company’s stock worth $778,000 after purchasing an additional 1,711 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of Petco Health and Wellness by 13.4% in the 2nd quarter. Osaic Holdings Inc. now owns 15,671 shares of the company’s stock worth $140,000 after purchasing an additional 1,857 shares in the last quarter. Institutional investors own 48.54% of the company’s stock.

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.