Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) PT at $4.16

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) have been assigned a consensus rating of "Hold" from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One investment 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 1-year price objective among brokers that have updated their coverage on the stock in the last year is $4.16.

WOOF has been the topic of several analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research note on Friday, December 20th. Wedbush raised their target price 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. Morgan Stanley reduced their price target on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company raised their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. Finally, StockNews.com raised shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Saturday.

Institutional Investors Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently modified their holdings of WOOF. 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 purchasing an additional 3,711 shares in the last quarter. Blueprint Investment Partners LLC purchased a new position in shares of Petco Health and Wellness in the fourth quarter worth approximately $44,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of 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 valued at $51,000 after acquiring an additional 8,056 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Petco Health and Wellness in the 3rd quarter valued at approximately $58,000. Finally, Sanctuary Advisors LLC acquired a new position in Petco Health and Wellness in the 3rd quarter worth approximately $66,000.

Petco Health and Wellness Stock Performance

Shares of WOOF traded down $0.04 during midday trading on Friday, hitting $2.98. 3,697,347 shares of the stock traded hands, compared to its average volume of 3,611,643. The business's 50 day moving average price is $3.95 and its two-hundred day moving average price is $3.97. The firm has a market capitalization of $934.08 million, a PE ratio of -7.45 and a beta of 1.88. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $6.29.

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.