Petco Health and Wellness (NASDAQ:WOOF) Stock Price Up 5.3% - Should You Buy?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) shares were up 5.3% on Thursday . The stock traded as high as $4.18 and last traded at $4.16. Approximately 537,990 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 4,541,393 shares. The stock had previously closed at $3.95.

Analyst Ratings Changes

WOOF has been the topic of several research analyst reports. StockNews.com raised Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Citigroup increased their target price on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Morgan Stanley raised their price target 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. Wells Fargo & Company upped 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. Finally, Wedbush raised their price target 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $4.25.

Petco Health and Wellness Price Performance

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 $1.29 billion, a price-to-earnings ratio of -10.33 and a beta of 1.89. The business's 50 day simple moving average is $4.41 and its 200-day simple moving average is $3.91.

Institutional Trading of Petco Health and Wellness

Several institutional investors and hedge funds have recently modified their holdings of WOOF. Norden Group LLC boosted its position in Petco Health and Wellness by 31.7% during the 2nd quarter. Norden Group LLC now owns 17,860 shares of the company's stock worth $68,000 after buying an additional 4,301 shares during the period. HB Wealth Management LLC increased its stake in Petco Health and Wellness by 21.6% in the second quarter. HB Wealth Management LLC now owns 25,949 shares of the company's stock valued at $98,000 after purchasing an additional 4,615 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in Petco Health and Wellness by 253.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company's stock valued at $51,000 after buying an additional 8,056 shares in the last quarter. Caprock Group LLC acquired a new position in shares of Petco Health and Wellness during the second quarter worth approximately $44,000. Finally, Choreo LLC acquired a new position in Petco Health and Wellness during the second quarter worth $45,000.

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.