Petco Health and Wellness (NASDAQ:WOOF) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Petco Health and Wellness (NASDAQ:WOOF - Free Report) from a hold rating to a buy rating in a research note published on Saturday.

A number of other analysts have also recently commented on the stock. Royal Bank of Canada restated an "outperform" rating and set a $6.00 target price on shares of Petco Health and Wellness in a report on Friday, December 20th. Wedbush boosted their price objective 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 decreased their target price on shares of Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company lifted 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 report on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Petco Health and Wellness currently has an average rating of "Hold" and an average price target of $4.16.

Petco Health and Wellness Stock Down 1.3 %

Shares of NASDAQ:WOOF traded down $0.04 during trading on Friday, hitting $2.98. The stock had a trading volume of 3,697,347 shares, compared to its average volume of 3,611,643. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. Petco Health and Wellness has a 12 month low of $1.41 and a 12 month high of $6.29. The company has a market capitalization of $934.08 million, a PE ratio of -7.45 and a beta of 1.88. The firm's fifty day moving average is $3.99 and its 200 day moving average is $3.97.

Institutional Trading of Petco Health and Wellness

A number of institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. lifted 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 purchasing an additional 8,056 shares in the last quarter. Blueprint Investment Partners LLC purchased a new stake in Petco Health and Wellness in the fourth quarter worth approximately $44,000. New York State Common Retirement Fund boosted its stake 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 buying an additional 3,711 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Petco Health and Wellness during the third quarter valued at $58,000. Finally, Sanctuary Advisors LLC bought a new position in Petco Health and Wellness in the third quarter valued at about $66,000.

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.