Wed Oct 02 17:28:08 UTC 2024: ## Petco Stock Rises 5.1% on Wednesday

**San Diego, CA – October 2nd, 2024** – Shares of Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) climbed 5.1% on Wednesday, closing at $4.70 after reaching a high of $4.73. Trading volume was significantly lower than average, with only 289,009 shares exchanged, representing a 94% drop from the typical daily volume.

The stock’s rise comes amidst a mixed bag of analyst opinions. While some analysts remain bullish, others have expressed caution.

**Analyst Ratings:**

* **Wells Fargo & Company** lifted its target price from $2.75 to $3.00 and maintained an “equal weight” rating.
* **Royal Bank of Canada** boosted its price target from $3.00 to $3.50 and assigned an “outperform” rating.
* **Wedbush** reiterated an “outperform” rating and set a $5.00 price objective.
* **Citigroup** raised its target price from $4.00 to $4.50 and gave the stock a “neutral” rating.
* **The Goldman Sachs Group** lowered its price target from $5.00 to $4.00 while maintaining a “buy” rating.

Overall, the consensus rating for Petco Health and Wellness remains “Hold” with a consensus target price of $3.45.

**Recent Earnings:**

Petco Health and Wellness reported earnings for the quarter ending September 10th, meeting analysts’ expectations of ($0.02) earnings per share. Revenue came in at $1.52 billion, slightly below the projected $1.53 billion.

**Institutional Investment:**

Several institutional investors have made recent moves in Petco stock. Caprock Group LLC, Choreo LLC, Headlands Technologies LLC, Frank Rimerman Advisors LLC, and Norden Group LLC all purchased new stakes in the company during recent quarters.

Petco Health and Wellness, a leading pet health and wellness company, offers a wide range of products and services for pet owners, including veterinary care, grooming, training, tele-health, pet health insurance, and mobile veterinary clinics.

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