Wedbush reiterated their outperform rating on shares of Petco Health and Wellness (NASDAQ:WOOF – Free Report) in a report issued on Wednesday, Benzinga reports. Wedbush currently has a $5.00 target price on the stock. A number of other analysts have also issued reports on WOOF. UBS Group lifted their price target on Petco Health and Wellness from $2.50 to $3.25 and gave the stock a neutral rating in a research note on Thursday, May 23rd. Royal Bank of Canada lifted their target price on shares of Petco Health and Wellness from $2.70 to $3.00 and gave the stock an outperform rating in a research note on Friday, May 24th. Citigroup upped their target price on shares of Petco Health and Wellness from $3.00 to $4.00 and gave the stock a neutral rating in a report on Friday, July 19th. Finally, Needham & Company LLC reissued a buy rating and issued a $5.00 price target on shares of Petco Health and Wellness in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $3.45.
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Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the firm earned ($0.01) EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts anticipate that Petco Health and Wellness will post -0.24 earnings per share for the current fiscal year.
AQR Capital Management LLC is a prominent hedge fund known for its long-term investment strategies. They are known for their expertise in the consumer discretionary sector. AQR Capital Management LLC’s decision to increase its stake in Petco highlights the growing interest in the company among institutional investors.
Petco Health and Wellness Company Profile (Get Free Report) 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. See Also Receive News & Ratings for Petco Health and Wellness Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Petco Health and Wellness and related companies with MarketBeat.com’s FREE daily email newsletter.
