Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Average Recommendation of “Hold” by Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have been assigned an average rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $4.25.

WOOF has been the topic of a number of analyst reports. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Wells Fargo & Company lifted their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Wedbush increased their price objective on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Morgan Stanley lifted their target price on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a report on Friday, December 20th.

Institutional Trading of Petco Health and Wellness

Hedge funds and other institutional investors have recently bought and sold shares of the company. Choreo LLC acquired a new stake in shares of Petco Health and Wellness during the second quarter worth $45,000. Frank Rimerman Advisors LLC acquired a new stake in Petco Health and Wellness in the 2nd quarter worth about $50,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in Petco Health and Wellness by 253.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after buying an additional 8,056 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Petco Health and Wellness during the 3rd quarter valued at about $58,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Petco Health and Wellness during the 3rd quarter worth about $66,000.

Petco Health and Wellness Price Performance

Shares of WOOF opened at $3.65 on Tuesday. The firm has a market capitalization of $1.14 billion, a PE ratio of -9.13 and a beta of 1.90. The stock’s 50 day moving average is $4.21 and its two-hundred day moving average is $3.95. Petco Health and Wellness has a twelve month low of $1.41 and a twelve month high of $6.29. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40.

Petco Health and Wellness Company Profile

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.