Petco Health and Wellness (NASDAQ:WOOF) Rating Lowered to Hold at StockNews.com

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Friday.

A number of other brokerages have also weighed in on WOOF. Morgan Stanley cut their price objective 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. Wells Fargo & Company lifted their price target on shares of 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. Royal Bank of Canada restated an "outperform" rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a report on Friday, December 20th. Finally, Wedbush increased their price target 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.16.

Petco Health and Wellness Trading Up 2.7 %

Shares of NASDAQ:WOOF traded up $0.09 during midday trading on Friday, hitting $3.38. 2,019,016 shares of the stock traded hands, compared to its average volume of 3,606,850. 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 $1.06 billion, a PE ratio of -8.45 and a beta of 1.88. Petco Health and Wellness has a one year low of $1.41 and a one year high of $6.29. The business's 50 day moving average is $4.10 and its two-hundred day moving average is $3.98.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund raised its position in shares of 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in Petco Health and Wellness by 253.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company's stock valued at $51,000 after purchasing an additional 8,056 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Petco Health and Wellness in the third quarter worth about $58,000. Sanctuary Advisors LLC bought a new position in shares of Petco Health and Wellness in the third quarter worth approximately $66,000. Finally, Advyzon Investment Management LLC purchased a new stake in shares of Petco Health and Wellness during the fourth quarter valued at approximately $85,000.

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.