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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) has received a consensus rating of "Hold" from the eleven brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $4.25.

Several analysts have weighed in on WOOF shares. Wedbush upped their target price on Petco Health and Wellness from $5.50 to $6.00 and gave the company an "outperform" rating in a report on Friday, December 6th. The Goldman Sachs Group dropped their target price on shares of Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating for the company in a report on Thursday, September 12th. Citigroup upped their price target on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a "neutral" rating in a report on Thursday, September 12th. Wells Fargo & Company raised their price objective on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Finally, Morgan Stanley upped their target price on Petco Health and Wellness from $3.00 to $6.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th.

Institutional Investors Weigh In On Petco Health and Wellness

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its position in Petco Health and Wellness by 82.1% during the second quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company's stock worth $22,661,000 after purchasing an additional 2,953,667 shares during the last quarter. Millennium Management LLC increased its holdings in shares of 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 worth $10,127,000 after buying an additional 1,876,233 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of 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 buying an additional 1,677,179 shares during the last quarter. Marshall Wace LLP boosted its holdings in 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 acquiring an additional 1,092,204 shares during the last quarter. Finally, FMR LLC boosted its holdings in Petco Health and Wellness by 170.9% in the third quarter. FMR LLC now owns 1,521,516 shares of the company's stock valued at $6,923,000 after acquiring an additional 959,960 shares during the last quarter.

Petco Health and Wellness Price Performance

Shares of WOOF traded up $0.03 on Friday, reaching $3.96. The stock had a trading volume of 4,530,695 shares, compared to its average volume of 4,567,447. 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 capitalization of $1.24 billion, a PE ratio of -9.90 and a beta of 1.89. The firm has a 50-day moving average of $4.46 and a 200 day moving average of $3.91. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40.

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.