Petco Health and Wellness (NASDAQ:WOOF) Trading Up 3.2% - Here's What Happened

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report)'s stock price shot up 3.2% on Monday . The company traded as high as $3.06 and last traded at $3.06. 2,816,294 shares were traded during trading, a decline of 38% from the average session volume of 4,554,405 shares. The stock had previously closed at $2.96.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citigroup dropped their price target 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. Robert W. Baird dropped their target price on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. StockNews.com upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. UBS Group dropped their price objective on Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, Royal Bank of Canada reduced their target price on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Petco Health and Wellness currently has an average rating of "Hold" and a consensus price target of $3.85.

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Petco Health and Wellness Price Performance

The company has a market capitalization of $1.07 billion, a PE ratio of -8.53 and a beta of 1.92. 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 firm's 50-day moving average is $2.94 and its 200-day moving average is $3.90.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. 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 valued at $44,000 after purchasing an additional 3,711 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Petco Health and Wellness by 40.0% during the fourth 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 during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Petco Health and Wellness by 41.0% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company's stock valued at $60,000 after buying an additional 4,610 shares during the last quarter. Swiss National Bank increased its holdings in shares of Petco Health and Wellness by 2.6% in the fourth quarter. Swiss National Bank now owns 186,100 shares of the company's stock worth $709,000 after buying an additional 4,800 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Petco Health and Wellness by 0.5% in the 4th quarter. Renaissance Technologies LLC now owns 990,700 shares of the company's stock valued at $3,775,000 after acquiring an additional 5,100 shares during the last quarter.

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.