Petco Health and Wellness (NASDAQ:WOOF) Earns Outperform Rating from Wedbush

Wedbush restated their outperform rating on shares of Petco Health and Wellness (NASDAQ:WOOF - Free Report) in a research note issued to investors on Wednesday,RTT News reports. They currently have a $6.00 price objective on the stock.

WOOF has been the subject of a number of other reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $6.00 target price on shares of Petco Health and Wellness in a research note on Friday, December 20th. Morgan Stanley dropped their target price on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company boosted their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Finally, StockNews.com lowered Petco Health and Wellness from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $4.16.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF traded down $0.08 during midday trading on Wednesday, hitting $2.91. The company's stock had a trading volume of 2,978,152 shares, compared to its average volume of 3,861,131. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. Petco Health and Wellness has a fifty-two week low of $1.41 and a fifty-two week high of $6.29. The firm's 50 day moving average is $3.66 and its 200-day moving average is $3.95. The firm has a market cap of $912.14 million, a P/E ratio of -7.28 and a beta of 1.88.

Institutional Investors Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently modified their holdings of WOOF. Aster Capital Management DIFC Ltd purchased a new position in Petco Health and Wellness in the fourth quarter valued at about $25,000. Scotia Capital Inc. acquired a new position in Petco Health and Wellness in the 4th quarter valued at approximately $41,000. New York State Common Retirement Fund raised its holdings in 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 acquiring an additional 3,711 shares in the last quarter. Blueprint Investment Partners LLC bought a new stake in shares of Petco Health and Wellness in the 4th quarter valued at approximately $44,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Petco Health and Wellness in the 4th quarter valued at approximately $45,000.

Petco Health and Wellness Company Profile

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.