Petco Health and Wellness (NASDAQ:WOOF) Upgraded at StockNews.com

StockNews.com upgraded shares of Petco Health and Wellness (NASDAQ:WOOF) from a hold rating to a buy rating in a research report sent to investors on Saturday.

WOOF has been the topic of several other reports. Morgan Stanley decreased their price objective on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company upped their price objective on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Royal Bank of Canada restated an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a research report on Friday, December 20th. Finally, Wedbush raised their price target on Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.16.

Petco Health and Wellness Trading Down 7.1 %

WOOF stock opened at $3.02 on Friday. The business’s 50 day moving average is $3.99 and its 200-day moving average is $3.97. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $6.29. The firm has a market cap of $946.62 million, a P/E ratio of -7.55 and a beta of 1.88. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Counterpoint Mutual Funds LLC boosted its holdings in Petco Health and Wellness by 203.5% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 177,403 shares of the company’s stock worth $676,000 after purchasing an additional 118,952 shares during the last quarter. Poinciana Advisors Group LLC bought a new stake in Petco Health and Wellness during the fourth quarter worth $77,000. Commonwealth Equity Services LLC acquired a new stake in Petco Health and Wellness in the fourth quarter valued at $89,000. Swiss National Bank grew its position in shares of Petco Health and Wellness by 2.6% in the 4th quarter. Swiss National Bank now owns 186,100 shares of the company’s stock valued at $709,000 after acquiring an additional 4,800 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Petco Health and Wellness by 26.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,751 shares of the company’s stock valued at $5,215,000 after acquiring an additional 289,629 shares during the period.

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.