Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives Average Rating of "Hold" from Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) have earned an average rating of "Hold" from the eleven analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $4.16.

Several analysts have recently weighed in on WOOF shares. Wells Fargo & Company raised their target price on 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. Morgan Stanley lowered their price objective on 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. Royal Bank of Canada reaffirmed 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. StockNews.com cut shares of Petco Health and Wellness from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Finally, Wedbush reissued an "outperform" rating and issued a $6.00 target price on shares of Petco Health and Wellness in a research report on Wednesday, February 19th.

Remove Ads

Petco Health and Wellness Stock Up 2.4 %

WOOF traded up $0.06 during trading hours on Wednesday, reaching $2.58. 3,376,116 shares of the stock traded hands, compared to its average volume of 3,833,441. Petco Health and Wellness has a fifty-two week low of $1.41 and a fifty-two week high of $6.29. The company has a market cap of $808.70 million, a price-to-earnings ratio of -6.45 and a beta of 1.92. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The firm's fifty day simple moving average is $3.40 and its two-hundred day simple moving average is $3.96.

Hedge Funds Weigh In On Petco Health and Wellness

Several institutional investors have recently modified their holdings of the company. PDT Partners LLC acquired a new position in Petco Health and Wellness during the 3rd quarter valued at about $865,000. Invenomic Capital Management LP bought a new stake in shares of Petco Health and Wellness during the third quarter valued at approximately $2,747,000. JPMorgan Chase & Co. boosted its position in shares of Petco Health and Wellness by 328.0% during the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company's stock worth $8,014,000 after buying an additional 1,349,728 shares during the period. FMR LLC grew its holdings in Petco Health and Wellness by 170.9% in the 3rd quarter. FMR LLC now owns 1,521,516 shares of the company's stock worth $6,923,000 after buying an additional 959,960 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in Petco Health and Wellness in the 3rd quarter valued at approximately $728,000.

About Petco Health and Wellness

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.