Petco Health and Wellness (NASDAQ:WOOF) Cut to Hold at StockNews.com

StockNews.com lowered shares of Petco Health and Wellness (NASDAQ:WOOF) from a buy rating to a hold rating in a report issued on Friday.

Several other research analysts have also issued reports on the stock. Morgan Stanley decreased their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Wells Fargo & Company upped their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Wedbush lifted their price objective on Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $6.00 target price on shares of Petco Health and Wellness in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Petco Health and Wellness presently has an average rating of “Hold” and an average target price of $4.16.

Petco Health and Wellness Trading Down 5.5 %

NASDAQ:WOOF opened at $3.42 on Friday. The company has a 50-day moving average price of $4.12 and a 200-day moving average price of $3.98. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -8.55 and a beta of 1.90. 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 has a 12 month low of $1.41 and a 12 month high of $6.29.

Institutional Investors Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WOOF. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Petco Health and Wellness by 253.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock worth $51,000 after purchasing an additional 8,056 shares in the last quarter. New York State Common Retirement Fund increased its stake in Petco Health and Wellness by 47.6% in the 4th quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after buying an additional 3,711 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Petco Health and Wellness during the third quarter valued at about $58,000. Sanctuary Advisors LLC bought a new position in shares of Petco Health and Wellness in the third quarter worth about $66,000. Finally, Diversified Trust Co grew its position in shares of Petco Health and Wellness by 57.2% during the fourth quarter. Diversified Trust Co now owns 25,486 shares of the company’s stock worth $97,000 after purchasing an additional 9,272 shares in the last quarter.

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.