Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $4.25 Average Price Target from Analysts

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) have been assigned a consensus rating of "Hold" from the eleven analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $4.25.

A number of research firms have recently commented on WOOF. Wedbush boosted their price objective on Petco Health and Wellness from $5.50 to $6.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $6.00 price target on shares of Petco Health and Wellness in a report on Friday, December 20th. StockNews.com raised shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Monday, December 9th. Wells Fargo & Company upped their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Finally, Morgan Stanley lifted their price objective on Petco Health and Wellness from $3.00 to $6.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th.

Institutional Trading of Petco Health and Wellness

Several hedge funds have recently made changes to their positions in WOOF. Point72 Asia Singapore Pte. Ltd. increased its stake in Petco Health and Wellness by 253.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company's stock worth $51,000 after acquiring an additional 8,056 shares during the last quarter. Choreo LLC purchased a new position in shares of Petco Health and Wellness during the 2nd quarter worth $45,000. Quadrature Capital Ltd acquired a new stake in shares of Petco Health and Wellness during the 3rd quarter worth about $58,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Petco Health and Wellness during the 2nd quarter worth about $50,000. Finally, Sanctuary Advisors LLC purchased a new stake in Petco Health and Wellness in the 3rd quarter valued at about $66,000.

Petco Health and Wellness Stock Performance

Shares of NASDAQ WOOF traded down $0.06 during midday trading on Tuesday, reaching $3.64. 2,442,071 shares of the stock were exchanged, compared to its average volume of 3,815,772. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The firm has a 50-day simple moving average of $4.22 and a two-hundred day simple moving average of $3.95. Petco Health and Wellness has a twelve month low of $1.41 and a twelve month high of $6.29. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -9.10 and a beta of 1.90.

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.