Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Consensus Rating of "Hold" by Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) have been given a consensus recommendation of "Hold" by the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $4.25.

Several research analysts recently issued reports on WOOF shares. Royal Bank of Canada reaffirmed 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. Wells Fargo & Company increased their target price on shares of 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. Wedbush lifted their target price on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Morgan Stanley upped their price target on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Finally, StockNews.com raised Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Monday, December 9th.

Hedge Funds Weigh In On Petco Health and Wellness

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in shares of Petco Health and Wellness by 82.1% in the second quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company's stock valued at $22,661,000 after purchasing an additional 2,953,667 shares in the last quarter. Millennium Management LLC lifted its stake in Petco Health and Wellness by 233.7% during the 2nd quarter. Millennium Management LLC now owns 2,679,132 shares of the company's stock valued at $10,127,000 after acquiring an additional 1,876,233 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Petco Health and Wellness by 1,212.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company's stock worth $6,863,000 after acquiring an additional 1,677,179 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Petco Health and Wellness by 328.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company's stock worth $8,014,000 after acquiring an additional 1,349,728 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Petco Health and Wellness by 47.3% in the second quarter. Marshall Wace LLP now owns 3,401,248 shares of the company's stock valued at $12,857,000 after purchasing an additional 1,092,204 shares during the last quarter.

Petco Health and Wellness Price Performance

Shares of WOOF stock traded up $0.04 on Tuesday, reaching $3.81. The company had a trading volume of 3,852,751 shares, compared to its average volume of 4,288,093. The business's 50-day moving average is $4.25 and its 200 day moving average is $3.95. Petco Health and Wellness has a one year low of $1.41 and a one year high of $6.29. 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 stock has a market capitalization of $1.19 billion, a PE ratio of -9.53 and a beta of 1.90.

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.