Analysts Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) PT at $3.85

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) has been assigned an average recommendation of "Hold" from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $4.11.

A number of equities analysts have commented on WOOF shares. Citigroup dropped their target price on shares of Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Royal Bank of Canada reduced their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Wells Fargo & Company lifted 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 report on Friday, December 6th. Morgan Stanley dropped their price target on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Finally, Robert W. Baird decreased their price objective on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a report on Thursday, March 27th.

Hedge Funds Weigh In On Petco Health and Wellness

A number of large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Petco Health and Wellness by 40.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company's stock valued at $60,000 after buying an additional 4,526 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Petco Health and Wellness in the fourth quarter valued at approximately $61,000. Polar Asset Management Partners Inc. purchased a new position in Petco Health and Wellness in the fourth quarter worth $1,450,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Petco Health and Wellness by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 335,615 shares of the company's stock worth $1,279,000 after purchasing an additional 11,202 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of Petco Health and Wellness during the fourth quarter worth $1,290,000.

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Petco Health and Wellness Trading Down 8.7 %

Shares of WOOF traded down $0.29 during trading hours on Friday, reaching $3.05. 1,790,100 shares of the company traded hands, compared to its average volume of 4,605,960. The stock's fifty day moving average price is $2.93 and its 200 day moving average price is $3.89. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The firm has a market cap of $956.02 million, a price-to-earnings ratio of -7.63 and a beta of 1.92. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month 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.